Duty drawback: foreign bank charges not to reduce FOB where documented, subject to overall allowed commission limit. Duty drawback may be allowed on FOB value without deducting documented foreign bank charges; such foreign bank charges are permissible within the overall allowance for agency commission and, together with agency commission, must not exceed that overall limit, otherwise the excess must be deducted from FOB. Field formations should regularise short realisation claims based on documentary evidence such as export invoices and bank confirmations.
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.
Duty drawback: foreign bank charges not to reduce FOB where documented, subject to overall allowed commission limit.
Duty drawback may be allowed on FOB value without deducting documented foreign bank charges; such foreign bank charges are permissible within the overall allowance for agency commission and, together with agency commission, must not exceed that overall limit, otherwise the excess must be deducted from FOB. Field formations should regularise short realisation claims based on documentary evidence such as export invoices and bank confirmations.
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