Drawback
This query is : Resolved
rohit kayan
(Querist)
01 April 2012
sir,
i am a service provider, i am receiving usd 25000 every year in my account, i would like to know can i claim drawback in that.
since the dollars are coming in to my bank account in india i feel i should be eligible for drawback incentive.
please answer
i am a service provider, i am receiving usd 25000 every year in my account, i would like to know can i claim drawback in that.
since the dollars are coming in to my bank account in india i feel i should be eligible for drawback incentive.
please answer
RAMESH KUMAR VERMA
(Expert)
02 April 2012
as per para 2.8(iii) of Hand Book of procedures vol-1(2009-2014) persons are exempt from IEC , if they are importing and exporting for personal USE.
if they are exporting the goods not for personal then can get the DRAWBACK As per rate Notified by DOR , government of india.
for more info:
https://www.rbi.org.in/commonman/English/scripts/faqs.aspx?id=26
Regards,
if they are exporting the goods not for personal then can get the DRAWBACK As per rate Notified by DOR , government of india.
for more info:
https://www.rbi.org.in/commonman/English/scripts/faqs.aspx?id=26
Regards,
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Taxation of crypto futures in India Fy 2026- 2027
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
