Drawback entitlement under DFRC scheme clarified: filing of DFRC-cum-Drawback Shipping Bill required and rates explained. Exporters under the DFRC scheme may claim drawback at the All Industry Rate equivalent to the central excise duty on inputs cleared on payment of CVD provided no cenvat has been availed, or may opt for the brand rate; brand rate also applies to materials not imported under DFRC. Exporters seeking drawback under DFRC must file a DFRC-cum-Drawback Shipping Bill and field formations should issue guidance and forward copies to the Joint Secretary (Drawback).
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Drawback entitlement under DFRC scheme clarified: filing of DFRC-cum-Drawback Shipping Bill required and rates explained.
Exporters under the DFRC scheme may claim drawback at the All Industry Rate equivalent to the central excise duty on inputs cleared on payment of CVD provided no cenvat has been availed, or may opt for the brand rate; brand rate also applies to materials not imported under DFRC. Exporters seeking drawback under DFRC must file a DFRC-cum-Drawback Shipping Bill and field formations should issue guidance and forward copies to the Joint Secretary (Drawback).
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