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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Exporters Can Claim Duty Drawbacks and Rebates Under Customs Act, 1962, and Central Excise Act, 1944; ITOs to Verify.</h1> Under the Customs Act, 1962, and the Central Excise and Salt Act, 1944, exporters can receive drawbacks and rebates on excise and customs duties for exported goods. Drawbacks repay duties on materials used in manufacturing exported goods, while rebates repay initial excise duties on manufactured products. The Central Excise and Customs authorities provide the Income Tax Department with details of significant fines, penalties, and refunds, excluding drawbacks and rebates due to the workload involved. Income Tax Officers (ITOs) are advised to verify exporters' duty drawbacks and rebates during assessments, with assistance from the Special Investigation Branches and cooperation from Central Excise and Customs Collectors.
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