DBK Rates for HS: 33074100

[Kishan Barai]

Respected Sir,

If DBK is just getting refund of local taxes back on exports, then why we see high DBK rates for many products like Incense sticks ???

HS: 33074100 is 13.5% DBK Rates

please enlighten,

Thank you

AI Summary

High DBK Rates for Incense Sticks Explained: Promoting Small-Scale Industries and Expanding Global Markets under HS Code 33074100. A user questioned why the drawback (DBK) rates for incense sticks, classified under HS code 33074100, are high at 13.5% when DBK is intended to refund local taxes on exports. A respondent explained that the elevated rates aim to promote small-scale industries (SSI) and incense sticks, which have significant markets in the USA, Europe, and the Middle East. The original inquirer expressed gratitude for the clarification.