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DUTY DRAWBACK

MANISH (CA) (30 Points)

04 December 2007

Tell me the term & condition, procedure of duty drawback in case of deemed export by 100% EOU

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5 Replies

hamid (Manager Finance/Commerce) (74 Points)
Replied 30 December 2007

There are no restriction or not any % decided for payment to Excise duty .

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Prem Pal Gupta (services) (26 Points)
Replied 05 January 2008

what is duty drawback?

(Guest)

ANNEXERS REQUIRED TO CLAIM DUTY DRAWBACK EOR SUPPLYING GOODS TO EPCG

Geek (Student CA Final ) (107 Points)
Replied 20 February 2008

Deemed export is when a domestic unit sells goods to an 100% EOU.

Now deemed export by an EOU will be in case of sale to an EOU i.e sale by an EOU to another EOU.

It would not attract any duty in first instance, hence no question of refund or drawback.

Geek (Student CA Final ) (107 Points)
Replied 20 February 2008

Deemed export is when a domestic unit sells goods to an 100% EOU. Now deemed export by an EOU will be in case of sale to an EOU i.e sale by an EOU to another EOU. It would not attract any duty in first instance, hence no question of refund or drawback.