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of <h1>New Circular: GST Drawback Now Includes Integrated Tax and Cess for Re-Exports Under Customs Act Section 74.</h1> The circular addresses the drawback of integrated tax and compensation cess paid on imported goods that are re-exported under Section 74 of the Customs Act, 1962. It clarifies that under the GST regime, such drawbacks will now include refunds of integrated tax and compensation cess along with basic customs duty. Amendments have been made to the definition of 'drawback' in the Re-export Rules, 1995 to reflect these changes. To prevent dual benefits, exporters must provide a certificate from the relevant GST officer confirming no credit or refund claims on the integrated tax or compensation cess. Existing instructions for drawback claims remain unchanged.
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