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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Cotton Exporters Can Claim Rebates and Drawbacks Simultaneously, Avoiding Double Benefits; Pending Claims to be Resolved Quickly.</h1> The Cotton Textiles Export Promotion Council highlighted issues faced by exporters of cotton made-ups regarding rebate claims, impacting exports. The problem arises because rebates are claimed on excise duty for processed fabric, while drawbacks cover duties on yarn, colors, chemicals, and packing materials. The Board clarified that both rebate and drawback claims can be made simultaneously, provided no double benefit is received for the same duty element. The government intends to allow rebates for excise duty on processed cotton fabrics, and pending claims should be resolved quickly. Exporters must declare not to claim drawbacks for duties covered by rebates.
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