Export Incentive

[Mridul Sethi]

Sir,

pls let me clear that if we export goods after paying duty, then what amount we can claim from department:-

1.duty paid on export or 

2. any incentive on export or both(also rate of incentive on tariff chapter 40)

also plz let me know the procedure with relevant notifications of the both cases.

 

Regards,

Mridul Sethi

[YAGAY andSUN]

If you remove goods for export on payment of excise duty, then, after submission of proof of export, you may file an application for getting rebate claim to the concerned authorities.

Further, following options are available to you if you use imported goods in manufacturing of finished goods and subsequently removed such goods for export purpose, namely:-

1. Duty Drawback under section 75 of the customs act
2. All Industry drawback in lieu of DEPB, CUSTOMS Notification No 68/2011 (NT)
3. Refund of service tax  on actual basis or % basis under Notification No. 52/2011.

AI Summary

Export incentives: mechanisms to recover duties include rebate, duty drawback, all industry drawback, and service tax refund. When excise paid goods are exported, the exporter may submit proof of export and apply to the concerned authorities for rebate of excise duty paid. If imported inputs are used in manufacture and the finished goods are exported, selectable mechanisms to reclaim tax burden include Duty Drawback, All Industry Drawback, and Refund of Service Tax on actual or percentage basis under the relevant notification.