We exported a material to USA on 19.06.12. worth $1375.00. It was sent along with two more items in the same Invoice. It was rejected due to a minor issue on 20.07.12. We had claimed DBK which was credited to our bank account. Now we are not going to get the payment for the same. So, I am worried about the DBK which is credited by RBI. What should be done in this case. Please help. Please inform, what would be other implications. Thank you.
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Duty drawback claimed for rejected goods
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Since your export has been rejected - you will not receive payment within the time prescribed by RBI under FEMA Act. Thus the Drawback will become refundable by you
You will receive a notice from AC/DC asking you to refund the sum which you should within 30 days of the notice. If you dont then interest will become payable on the sum.
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