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.
Menu
Duty drawback on import of machine
Replies (2)
Quick Summary
Yes, you can have U/S 75 of the Customs Act.1962
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.
https://dgft.gov.in/foreigns-trade-policy-2015-20-
Recent Topics :
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
- Best CA Inter classes in Laxmi Nagar for Group 1?
- Gst refund
Related Topics :
CAclubindia
