Credit of Basic Custom Duty Available
This query is : Resolved
18 June 2022
Dear professional,
My client is importing Solar Penal from Chaina and They want to export Those Solar penal with Solar Mounting Structure to Complete Solar Installation Project in another country. so my Question is Whether Set off of Basic Custom Duty Paid at the time of Importing Solar Penal is Available while doing Export?(They are not making any process on solar penal)
My client is importing Solar Penal from Chaina and They want to export Those Solar penal with Solar Mounting Structure to Complete Solar Installation Project in another country. so my Question is Whether Set off of Basic Custom Duty Paid at the time of Importing Solar Penal is Available while doing Export?(They are not making any process on solar penal)
18 June 2022
Under section 74 of the Customs Act, 1962 duty drawback to the extent of 98 percent of the duty paid on imported goods can be claimed for re-export, provided the goods are re-exported within two years of payment of import duty. Section 75 of the Act, empowers duty drawback on export of manufactured articles.
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