we are importing a yarn to manufacture a product. the manufactured product will be exported, so what will be duty drawback under customs.
kindly guide as i am new in this matter.
Saurabh Toshniwal (ca final) (2358 Points)
15 February 2020we are importing a yarn to manufacture a product. the manufactured product will be exported, so what will be duty drawback under customs.
kindly guide as i am new in this matter.
CS M Pota
(Company Secreatary)
(3180 Points)
Replied 17 February 2020
Yes, you can have U/S 75 of the Customs Act.1962
VIJAYALAKSHMI K
(PRODUCT FUNCTIONAL HEAD)
(101 Points)
Replied 20 February 2020
Understand you are importing new machinery for the manufacture of export products. For import of machinery, as per my understanding, no drawback scheme is available.
Check on the possibility of using Export Promotion Capital Goods (EPCG) Scheme. Use below link of DGFT and refer point no.5 for details of EPCG scheme.
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