Reply urgently: refund, rebate and drawback

Refund- You are having amount in your cenvat account and there is no chance to utilise for your clearance of finished goods or you have paid more compare than actual duty payable.  In these case you want to caim amount from the dept for your extra payment / converted your cenvat balance to cash.

Rebate-This is the one of the best way to convert your cenvat balance into cash.  You can raise the invoice for clearing goods to export under payment of duty eventhough there is no necessary to pay duty for export consignment. In this case we have to claim our duty payment for export consignment, what we have paid at the time of clearance.

Duty drawback- is one of the incentice scheme given to the exporter by the govt.  we have an option to claim duty drawback under all industral rate or under Branded rate.

Regards,

RP Ananthakumar