CAN I CLAIM BRAND FIXATION OF DUTY DRAWBACK IF I IMPORT RAW MATEIAL UNDER MEIS LICENSE

[KULDEEP SINGH]

Dear Team,

We are planning to purchase MEIS Script and we are claiming brand rate of fixation duty drawback on few of our export products now we want to import all raw material under MEIS Script , can we claim brand rate of fixation if we import raw material under MEIS Script

[MUKUND THAKKAR]

yes you can..

Payment thru MEIS is valid payment for custom duty..

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of Shr Mukund

[YAGAY andSUN]

Brand Rate of Duty Drawback is allowed on the goods imported and in-turn used in manufacturing of goods which exported out of India. Even CENVAT credit on CVD and SAD is allowed if the duty on imported goods is paid through .MEIS

[KULDEEP SINGH]

Thanks a lot for your views , will appreciate it ...

[Kishan Barai]

No you CAN not CLAIM BRAND FIXATION OF DUTY DRAWBACK IF I IMPORT RAW MATEIAL UNDER MEIS Script.

AI Summary

Brand fixation of duty drawback may be available when customs duty is discharged using MEIS script. Several respondents state that payment through MEIS is treated as valid discharge of customs duty for purposes of claiming the brand rate of fixation of duty drawback on exported goods manufactured from such imports, and that CENVAT credit on CVD and SAD is allowable where duty on imports is discharged via MEIS; one respondent, however, denied entitlement to brand rate fixation when imports are paid under MEIS script.