Drawback under INR Currency

[kuldeep singh]

Sir,

Can exporter get Duty drawback from customs for their exports shipment if the shipping bill currency is INR , for any destination , if yes , is there is any notification/circular regarding this ?

AI Summary

Exporters can claim duty drawback if payments are in foreign currency or INR via Vostro, per FTP 2015-20 Para 2.52. An exporter inquired about the eligibility for duty drawback on export shipments when the shipping bill currency is in INR. A respondent clarified that shipping bills can be raised in any currency, but payments must be realized in foreign currency or INR through a Vostro account, except for ACU member countries, Nepal, and Bhutan, referencing Para 2.52 of FTP 2015-20. Export benefits, including duty drawback or MEIS, are available. Another participant supported this view, while the original inquirer sought further information on any specific notifications or circulars regarding this matter.