Duty drawback

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2011 Can any body suggest me the rate of duty drawback available for export of truck / bus tyres. Also how does the drawback scheme works, pls. highlight.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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18 August 2011 there are two types of drawback. One is called drawback under Section 74 of the Customs Act, 62 which allows drawback of duty paid on goods originally imported on payment of duty and subsequently re-exported. The manner and time limit for filing the claims are governed by "Re- export of Imported Goods (Drawback of Customs duties) Rules, 1995.

1. The other scheme is payment of drawback under Section 75 and Rules made thereunder at specified rated on export of goods manufactured in India. The manner and time limit for filing the claims are prescribed under the Customs and Central Excise Duties Drawback Rules 1995 as amended from time to time.

2. The Central government notifies the Drawback rates for various products either on a general basis (all industry rates) or for individual exporters( brand rates) as the case may be. Drawback sanctioned under section 75 has a two tier system involving (i) fixation of rates by the Directorate of Drawback in the Central Board of Excise and Customs and (ii) disbursement of drawback amount by the Customs Houses and/ Central Excise Commissionerate.

if you tell itc code of these item otherwise link is:

https://www.newdutytax.info/duty_drawback_rates.html

for more information:-

https://customsmangalore.gov.in/duty-draw-back.htm

Querist : Anonymous

Querist : Anonymous (Querist)

18 August 2011 the itc code are as follows :-

40139090
40111090
1011990001

also pls. clarify why two rates - when cenvat availed and when cenvat not availed? can the manufacturer export get the benefits of excise duty under drawback.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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18 August 2011 Drawback on products 40139090

when cenvat (in %)not availed 7.3%

when cenvat not availed (in kg) cap value 10.3%

Drawback Rate When Cenvat Availed (Cap. Value) 4.4% (as per Notification No. 84/2010 - Customs (N.T.) dated : 17/09/2010)

Drawback on products 40111090 :

Drawback Rate When Cenvat Not Availed (in kg)6.40%

Drawback Rate When Cenvat Not Availed (Cap. Value) 6.7

Drawback Rate When Cenvat Availed (%)2.50%

Drawback Rate When Cenvat Availed (Cap. Value)2.6%
(as per Notification No. 84/2010 - Customs (N.T.) dated : 17/09/2010)

two rate

actually government provide less than benefit (in kg and in cap value)

another information :

https://www.newdutytax.info/dutydrawbackrates/level3/10/Chapter_10__Cereals.html

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