Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Government Amends Duty Drawback Rules: Exporters Can Use Self-Declaration for Higher Rates, Retroactive from July 1, 2017.</h1> The circular addresses the clarification of export claims for duty drawback in the context of GST. It refers to the continuation of higher All Industry Rates (AIRs) for duty drawback during a transition period from July 1 to September 30, 2017. Due to difficulties in obtaining a certificate from GST officers, the government has amended requirements, allowing exporters to claim higher drawback rates based on self-declaration. These changes apply retroactively from July 1, 2017. Exporters must submit self-declarations for past and future exports, and audit checks will ensure no double neutralization of taxes. The circular emphasizes prioritizing pending and supplementary drawback claims.