Thanks/Breds, Improve your vocabulary with English Vocabulary in Use from Cambridge. WE ARE MERCHANT EXPORTER OF VARIOUS TYPES OF RESINS UNDER HS CODE 39094000.OUR CHA HAS CLAIMED DRAWBACK ON EXPORTED GOODS WHICH WE GOT RS 21090/-,NOW WE WANT CLAIM FOR EXPORT REBETE OF RS 1,28,000/- FOR EXCISE PAID BY THE MANUFACTURER ON EXPORTED GOODS. The period can be further extended to three years by the Commissioner of Customs on sufficient cause being shown. Copyright © TaxGuru. Our question is whether we are eligible to apply for input credit when we have already availed draw back. The All Industry Rate (AIR) of Duty Drawback is generally fixed as a percentage of FOB price of export product. clarify also for value cap. 74 of the Customs Act, 1962 read with Re-export of Imported Goods (Drawback of Customs Duty) Rules, 1995. whate is the meaning of draw back rate and draw back cap per unit rate. The Government of India has introduced Exports from India Schemes through the Foreign Trade Policy (FTP)... Find trademark class for over 8000 goods and services, Merchandise Exports from India Scheme (MEIS), More than 3 months but not more than 6 months, To export goods imported into India after having been taken for use, To export goods manufactured/produced out of imported material, To export goods manufactured/produced out of indigenous material. We have imported an exported goods and have to pay the duty drawback claimed along with interest. Elements necessary for drawback under Sec. 5. The goods must be capable of being identified as imported goods. It is made when excise goods have not been and will not be consumed in the UK, providing certain conditions and requirements are met. b) Duty Drawback (DBK) Scheme Scheme Benefits & Highlights An Advance Licence is issued to allow duty free import of inputs, which are physically incorporated in the export product (making normal allowance for wastage). DEEC Book and licence copy where applicable. please clarify both terms. Such Certificate is not required for products which are unconditionally exempted from Central Excise duty like handloom and handicrafts products. In cases the goods have been put into use after import, Duty Drawback is granted on a sliding scale basis depending upon the extent of use of the goods. As you are aware , drawback amount is very low comapared to input credit which entitles us of the refund of total taxes paid. SO KINDLY PROVIDE ME THAT WHAT ‘E’ IS REPRESENT?????? Exporters who wish to avail of the Brand Rate of Duty Drawback need to apply for fixation of the rate for their export goods to the jurisdictional Central Excise Commissionerate. If the processing of documents has been computerised, then the exporter is not required to file any separate application for claiming duty drawback. This query is on Refund of Drawback to Customs. For this purpose, the exporter has to produce documents/proof about the actual quantity of inputs / services utilized in the manufacture of export product along with evidence of payment of duties thereon. For any enquiry in connection with non-credit of the drawback amount, please contact the concerned custom location and/or the concerned bank. Now we would like to file a refund claim under Rule 5 of Cenvat credit Rules 2004. Duty Drawback Scheme aims to provide the refund/ recoupment of custom and excise duties paid on inputs or raw materials and service tax paid on the input services used in the manufacture of export goods. Now it’s time for us to file our claims for input credit to get the refund of GST paid by us on purchase as well as sales. 50/- as per Sec. Please advise what is the difference between duty drawback & focus. Under the scheme government can issue an Advance Authorisation or DFIA to import \ procure domestically the inputs duty free. And yet, at a time when exporters need all the help they can get, the government continues to be miserly with drawbacks. The elements necessary to claim drawback are; 1. The goods on which drawback is claimed must have been previously imported; 2. Import duty must have been paid on these goods when they were imported; 3. The goods should be entered for export within two years from the date of payment of duty on their importation (whether provisional or final duty). The Duty Drawback Scheme enables exporting companies to obtain a refund of Customs duty paid on imported goods where those goods will be treated, processed, or incorporated into other goods for export, or are exported unused since importation. Basically, duty drawback scheme core catalyst of your exports for, it fetches more of foreign exchange for the country. Corroborating data is also collected from Central Excise and Customs field formations. SOME OF MY FREINDS SAY WE CAN NOT TAKE BOTH BENEFITS. Tens of thousands of businesses by offering a range of business services imported on different dates at go... 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