DRAWBACK AND SCHEME EXPORT

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what is drawback export and scheme export?????

AI Summary

Understanding Duty Drawbacks and Export Schemes Under Customs Act, 1962: Key Insights on Filing and Benefits A discussion on a forum about duty drawback and export schemes includes several responses. One participant explains that drawback export involves claiming government-allowed duty drawbacks on products, while scheme export requires specifying the scheme on shipping bills during customs filing. Another participant elaborates on types of duty drawbacks under the Customs Act, 1962, and various export schemes like Advance License, EPCG, and others. It is noted that mentioning the scheme on shipping bills is necessary to benefit from these schemes. Additionally, the Market Linked Focus Product Scheme (MLFPS) is mentioned as another export scheme.