We are having about 50% export sales. We import lot of raw material and pay Custom Duty and CVD etc. We get MODVAT of the CVD but we lose custom duty. I understand that there is a DEPB scheme for getting fixed refund of export FOB. Can anyone advice what is the procedure for this? Other than this scheme, is there any other procedure for getting refund of csutom duty.
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DEPB or equivalent
Replies (5)
ACTUALLY SIR, MINISTRY OF COMMERCE PROVIDE THER FACILITY OF DEPB TO THE EXPORTER.IT DEPANDS IS INCENTIVE IS AVAILABLE ON YOUR PRODUCTS ? IT CAN BE FINDOUT WHEN either U PROVIDE RITC HS CODE NO. OF EXPORT ITEM OR READ THE FOREIGN TRADE POLICY 2009-2014.
REGARDS,
Actually i wanna know about all import and export procedure.... and there process??....can any1 plz... upload
THANKS FOR PARTICIPATE IN CA CLUB INDIA
FOR MORE INFORMATION LINKS ARE :-
https://dacnet.nic.in/ppin/IpmImport_Cont.htm
https://dacnet.nic.in/ppin/IpmImport_Cont.htm
https://exim.indiamart.com/indian-exim-policy/handbook-procedures1-introduction.html
YOU CAN READ THE CURRENT FOREIGN TRADE POLICY 2009-2014 YOU ARE HEARTLY WELCOME IN THIS CLUB IF YOU FOUND ANY QUERY RELATED THE EXPORT IMPORT TELL ME I WILL RESOLVE .
THANKS,
Mr.Verma, thank you for the reply. Our product code is there in DEPB schedule. The duty drawback rate is 1%. Should we approach the local excise authorities for the procedure?
Yes sir.................thanks for participate in ca club india....
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