what is duty ? and what is duty drawback

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 March 2010 dear experts,

will you explain me about the import duty in india is peak or higher on cotton madeups ? and what is duty drawback ?

Ankur Garg

Ankur Garg (Expert)
Follow

12 March 2010 Meaning of Duty drawback

A rebate on taxes or duty paid for imported goods which are subsequently exported in the same form or a different form.

In other words import duties or taxes repaid by a government in whole or in part, when the imported goods are re-exported or used in the manufacture of exported goods.

Querist : Anonymous

Querist : Anonymous (Querist)

13 March 2010 DEAR SIR,

will you explain me about the import duty in india is peak or higher on cotton madeups ?

Querist : Anonymous

Querist : Anonymous (Querist)

01 May 2013 query is pending so far....

Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2013 presently import duty on cotton is :

regards,