Rebate determination: rebate equals duty actually paid based on payment-day exchange rate and cannot be re-quantified later. Rebate for exports priced in foreign currency must follow the AR-4 value determined under section 4 and duty paid at the market exchange rate prevailing when duty was paid; the rebate authority must allow rebate equal to the duty actually paid and must not re-quantify using a subsequent exchange rate. If overpayment is suspected, the rebate authority shall notify the jurisdictional Assistant/Deputy Commissioner for Range officer scrutiny. Differential duties paid before rebate sanction entitle the exporter to rebate of the full duty paid, excluding fines or penalties.
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.
Rebate determination: rebate equals duty actually paid based on payment-day exchange rate and cannot be re-quantified later.
Rebate for exports priced in foreign currency must follow the AR-4 value determined under section 4 and duty paid at the market exchange rate prevailing when duty was paid; the rebate authority must allow rebate equal to the duty actually paid and must not re-quantify using a subsequent exchange rate. If overpayment is suspected, the rebate authority shall notify the jurisdictional Assistant/Deputy Commissioner for Range officer scrutiny. Differential duties paid before rebate sanction entitle the exporter to rebate of the full duty paid, excluding fines or penalties.
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