Drawback recovery: central government may specify conditions preventing recovery despite non realisation of export sale proceeds. The amendment empowers the Central Government to prescribe by rules the circumstances or conditions under which the amount of customs duty drawback shall ... Summary
Drawback recovery: central government may specify conditions preventing recovery despite non realisation of export sale proceeds.
The amendment empowers the Central Government to prescribe by rules the circumstances or conditions under which the amount of customs duty drawback shall not be recovered even if the sale proceeds of exported goods are not realised by the exporter, thereby creating a rulemaking-enabled exception to the general recovery obligation in section 75(1).
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