Drawback admissibility limited to cash payment; no drawback against DEPB or passbook duty debits under exemption. Simultaneous availment of drawback with DEPB or Passbook debits is allowed only as permitted by Circular No. 68/97-Cus. The brand rate of drawback is payable solely against actual cash payment of customs duties; debits in a DEPB Book or Passbook represent an exemption notification rather than payment and therefore do not qualify for drawback.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Drawback admissibility limited to cash payment; no drawback against DEPB or passbook duty debits under exemption.
Simultaneous availment of drawback with DEPB or Passbook debits is allowed only as permitted by Circular No. 68/97-Cus. The brand rate of drawback is payable solely against actual cash payment of customs duties; debits in a DEPB Book or Passbook represent an exemption notification rather than payment and therefore do not qualify for drawback.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
