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Duty drawback in case of export
We are the Manufacturers of Leather Bags, wallets, etc.in Kolkata. We purchased material locally on which we only pay VAT and manufacture the goods and export and no excise duty as raw leather is a non-excisable product. We are not registered with Central Excise currently so we export as Merchant exporters on which we get duty drawback as a certain percentage on the invoice value.
Now we are planning to do domestic sale in case of which we will have to register ourselves with Central Excise.
The clarification needed is Will we still be getting duty drawback in case we get ourselves with Central excise and export goods without payment of duty using Letter of Undertaking.
Replies (1)
first of all for domestic you can avail SSI exemption under notificaiton no.08/2003-CE upto 1.5 CR value of clearance, thereafter we can avail Cenvat credit on the duty paid on inputs, capital goods & input services used in the manufacture of final products.
For export if you avail cenvat credit on inputs, capital goods & input services then duty drawback shall be available only for customs purpose if not. full DBK is available.
please discuss in detail after 6:30 -- at 7818845707.
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