Calculation of duty draw back
This query is : Resolved
Amit Agrawal
(Querist)
07 March 2013
Dear Sir/ Madam,
I have a query under duty draw back scheme -
Eg. My product PMV is ------ Rs. 30 and FOB value of product is ----- Rs. 80, in this case i m entitle to claim duty draw back on Rs. 30 or Rs. 80.
Please clear it.
I have a query under duty draw back scheme -
Eg. My product PMV is ------ Rs. 30 and FOB value of product is ----- Rs. 80, in this case i m entitle to claim duty draw back on Rs. 30 or Rs. 80.
Please clear it.
Manickam.N
(Expert)
08 March 2013
Drawback is given as a percentage on FOB value. If customs suspects overvaluation it can revise value for purpose of drawback.
Amit Agrawal
(Querist)
11 March 2013
Thanks Sir.
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