Refund of customs duty

What you mentioned in your query is Called Duty Drawback, imported goods are processed here in India and re-exported within time frame as per section 74 & section 75 of the Customs Act then you Can claim certain percentage of such Custom duty which has been paid during the import of goods, same is called Duty Drawback however this scheme is not applicable to all goods , also there is condition that you should get payment of  exported goods from the foreign Customer  within the time frame as per customs act  , so check latest any amendments in the sections of the Customs Act .

Take others opinion as well or professional help from nearby CA .

Dear Mr. Prasad,

Please inform us under which  section of the Customs Act or under which Notification etc and or FEMA it is written that for claiming duty draw back unser Section 74 and 75 of the Customs Act payment for the export is required to be received within the stipulated time limit.

Sec 74 - duty drawback on re-export of duty-paid goods.

Sec 75- duty drawback when imported materials are used for manufacturing or processing goods in India, which are subsequently exported.

Within 2 years. Its mentioned in the same sections somewhere

Sorry, i did not find ant such provision under any  of the section 74 and or 75 of the Customs Act.

Sorry, i did not find ant such provision under any  of the section 74 and or 75 of the Customs Act.

im just googling. try duty Drawback Under Customs Act, 1962 on taxgur dot in

 

Did you find anything?

There is no any such provision either under section 74 or section 75 of the Customs Act.1962. Provision for export proceeds realisation is applicable only to Export drawback under All Industries rate (which is called export benefit ).