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Querist : Anonymous

Querist : Anonymous (Querist)

24 April 2012 I have a question. I am a manufacturer of chemicals. I buy raw materials from local source, where I am availilng Credit of Modvat being charged by the producers. This modvat is thereafter while dispatching the material for exports (Direct Export), being charged in my Invoice, under claim of rebate. Thereafter, is it true that we cannot get the benefit of Duty Drawback, when it has been declared by the Government of India, that we get a benefit of 1% on the FOB value of our product ?

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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24 April 2012 after export u can avail Various incentive like FMS, FPS, as per Notified by DGFT on prescribed items.

regards,

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