Admissibility of 5% Entitlement Rate under VKGUY Scheme, for shipments under Duty Drawback Scheme where the Drawback Rate is up to 1% only (including both Customs & Excise components).
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VKGUY entitlement: shipments under Duty Drawback with minimal drawback qualify for higher entitlement rate under policy. VKGUY entitlement is admissible at five percent of FOB value for exports under the Duty Drawback Scheme where combined Customs and Excise drawback is up to one percent; the 3.5% reduced Duty Credit rate applies only when Chapter 4 agricultural input import benefits are availed, and DEPB claims limited to packing material do not preclude the full VKGUY entitlement. The provision applies from the FTP(RE2006) effective period onward.
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.
VKGUY entitlement: shipments under Duty Drawback with minimal drawback qualify for higher entitlement rate under policy.
VKGUY entitlement is admissible at five percent of FOB value for exports under the Duty Drawback Scheme where combined Customs and Excise drawback is up to one percent; the 3.5% reduced Duty Credit rate applies only when Chapter 4 agricultural input import benefits are availed, and DEPB claims limited to packing material do not preclude the full VKGUY entitlement. The provision applies from the FTP(RE2006) effective period onward.
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