Refund vs drawback
This query is : Resolved
Saurabh Maheshwari
(Querist)
27 May 2013
Sir/Mam
Please explain the difference b/w refund and drawbacks of Tax/duty w.r.t to indirect taxes?
Thanks in Anticipation
Please explain the difference b/w refund and drawbacks of Tax/duty w.r.t to indirect taxes?
Thanks in Anticipation
Arun Kumar Singh
(Expert)
27 May 2013
If you have export the goods with payment of excise duty then refund/rebate is applicable. Drawback is a export incentive.
Saurabh Maheshwari
(Querist)
27 May 2013
Sir thanks for your quick reply...but can u give an example for bringing more clarity....
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