We intend to supply Sponge Iron – Direct Reduced Iron (our finished product) to 100 percent EOU in SEZ for which the customer sent us CT-3. We are clearing the goods under cover of Excise Invoice & ARE3 form from our factory. Kindly let us know whether we shall get Duty draw back at 1.3 percent of FOB/FOR value for fulfillment of export obligation under EPCG authorization?
Kindly guide us for the procedure, as we are supplying first time to 100 percent EOU in SEZ unit.
Regards,
VINAY
Company Supplying Sponge Iron to EOU in SEZ Can Avail 1.3% Duty Drawback Under EPCG Authorization A company plans to supply Sponge Iron to a 100% Export Oriented Unit (EOU) in a Special Economic Zone (SEZ) and seeks guidance on whether they can receive a duty drawback of 1.3% of FOB/FOR value under the Export Promotion Capital Goods (EPCG) authorization. They are using an Excise Invoice and ARE3 form for clearance. The response confirms that they can avail the duty drawback as the transaction qualifies as an export. (AI Summary)