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of <h1>New Circular: Refunds on Integrated Tax and Cess for Re-exported Goods under Customs Act Section 74.</h1> The circular addresses the drawback of integrated tax and compensation cess paid on imported goods upon re-export under Section 74 of the Customs Act, 1962. It highlights that under the GST regime, imported goods are subject to integrated tax and compensation cess, and the drawback provisions now include refunds of these taxes. Amendments to the Re-export Rules, 1995 have been made to reflect this change. To prevent dual benefits, exporters must provide a certificate from the relevant GST officer confirming no credit or refund has been claimed on the re-exported goods. Existing instructions for drawback claims remain unchanged.
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