TaxTMI 
TaxTMI 
We shall planning to exporting our Yarn to IRAN, are we entitled for Duty Draw back Scheme. related notification circular etc any, provide.
draw back on iran
10 May 2012 
1 Reply 
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Duty drawback eligibility for exports to Iran hinges on applicable Customs Act provision and sanctions screening.
Duty Drawback eligibility for exporting yarn to Iran depends on whether the export is made under Section 74 or Section 75 of the Customs Act, 1962, and whether the product appears on a negative list due to UN or US sanctions; if freely exportable, the exporter may opt for the All Industry Rate scheme as notified for the relevant period. (AI Summary)
Duty Drawback eligibility for exporting yarn to Iran depends on whether the export is made under Section 74 or Section 75 of the Customs Act, 1962, and whether the product appears on a negative list due to UN or US sanctions; if freely exportable, the exporter may opt for the All Industry Rate scheme as notified for the relevant period. (AI Summary)