duty draw back

[jawahar lal]

dear all,

i want to know about duty drawback...n export incentives...

are both same or different things in export?

why is it called duty drawback refund when no duty is applied on exports articles?

is duty drawback applicable from first export consignment or 2nd consignment onwards?

does duty drawback refund & incentives come in the form of money or security bond papers? if in the form of papers how is it used?

how long time does custom need to credit duty drawback & incentive amount into exporters bank account?

pls guide...

AI Summary

Duty drawback and export incentives: classification and payment mechanisms explained for exporters' refunds and scripts.
Duty drawback is a cash refund mechanism returning taxes borne on inputs for exported goods, reflecting export duty exemptions; export incentives like MEIS are issued as scripts usable to pay government dues. Distinctions include form of receipt (cash versus scripts), administrative routes (customs and bank disbursal for drawback; entitlement and issuance under trade incentive schemes), and the requirement to consult the Foreign Trade Policy for eligibility, timing, and procedures.