Value addition computation: include notional value of free-of-cost imported materials in both CIF and FOB for drawback entitlement. The notional customs value of imported materials supplied free of cost by a foreign buyer must be added both to the CIF value of inputs and to the FOB value of export goods when computing value addition for brand rate duty drawback claims, to ensure equity and uniformity with advance licensing practice.
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Value addition computation: include notional value of free-of-cost imported materials in both CIF and FOB for drawback entitlement.
The notional customs value of imported materials supplied free of cost by a foreign buyer must be added both to the CIF value of inputs and to the FOB value of export goods when computing value addition for brand rate duty drawback claims, to ensure equity and uniformity with advance licensing practice.
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