Drawback

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rohit kayan (Querist)
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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

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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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:
http://www.rbi.org.in/commonman/English/scripts/faqs.aspx?id=26

Regards,

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