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Duty Custom

Sunny James (Manager) (57 Points)

31 July 2021

What is Duty Drawback on export ?

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13 Replies

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

Duty Drawback is an export incentive scheme where duty paid on any imported material which r used to manufacture exported good than duty paid on same will be refunded subject to conditions.

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Sunny James (Manager) (57 Points)
Replied 31 July 2021

is 100% duty drawback allowed ??

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

Drawback will be available
@ 98% of import duty, if exported without use.
@ Specified reduced rate if after use in india

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Sunny James (Manager) (57 Points)
Replied 31 July 2021

And how drawback available on imported material used to manufacture export goods ??

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

In that case drawback bis allowed as per all industry rate of products
if no such rate is notified than you can apply for brand rate or special brand rate

Sunny James (Manager) (57 Points)
Replied 31 July 2021

is there any time limit for re export ??

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

Yes, 2 years from date of payment of export duty

1 Like

Sunny James (Manager) (57 Points)
Replied 31 July 2021

In case of material any limit limit ?

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

No, in that case there is no specific time limit

Sunny James (Manager) (57 Points)
Replied 31 July 2021

Time limit to file refund application , is its along with export order or thereafter ??

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

Duty Drawback claim shall be filed within 2 years from let export order date.

Sunny James (Manager) (57 Points)
Replied 31 July 2021

What is rate of Drawback on used goods ?

Nidhi (Chief Accountant) (3150 Points)
Replied 31 July 2021

It's based on how much month you have used.
like used for up to 3 months than 95%
3 to 6 month than 85%
6 to 9 month than 75%
9 to 12 month than 70%
12 to 15 month than 65%
15 to 18 month than 60%
more than 18 month Nil