Import and export

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Iqbal Singh Grover (Querist)

16 January 2012 What are the various benefits i can suggest to my client who is into import and subsequent export of dry fruits..

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

17 January 2012 PLEASE LET ME CHECK.............WAIT...

Iqbal Singh Grover

Iqbal Singh Grover (Querist)

17 January 2012 Please dont change the status to resolved.. Let it remain open..

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

17 January 2012 MR. GROVER,

FOR EXPORT :

After checking from current foreign trade policy 2009-2014:

ITC code is for you 0810

Drawback is available on this item: 1% of fob

as well as Vkguy you can also avail incentive on this item after export = 2% of fob

Any query will be highly appreciated,

Message likes : 1 times

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

17 January 2012 ANY QUERY....

Message likes : 1 times

Iqbal Singh Grover

Iqbal Singh Grover (Querist)

17 January 2012 What is the procedure of claiming drawback ??

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

17 January 2012 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

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

17 January 2012 SIMPLE:

firstly check the current status of shipping bill :

then ask CHA for clear it otherwise direct met with SUPTDT drawback in custom they will passed this without mentioned any query after take some money "as this is procedures in custom "

for more information if you have any query ,ask,

https://www.jawaharcustoms.gov.in/newsite/drawback/PROCEDURE.asp

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