TaxTMI 
TaxTMI 
Can any one explain me following?
duty draw back - Excise
duty draw back -Custom
Are both the duty draw back diffirent from each other? If yes kindly explain
Thanks for your help
duty draw back
31 Aug 2012 
6 Replies 
2401 Views Asked by
Guest 
Duty drawback prevents duplicate excise refunds where CENVAT credit or rebate for the same exported inputs is claimed.
Duty drawback reimburses exporters for customs, central excise and service tax on inputs used in exports but is not available on duties for which CENVAT credit has been availed; recipients of drawback are barred from claiming duplicate excise credit refunds. Excise rebate or refund requires duty to have been debited and appropriate export entries (e.g., ARE1 and RG-23 Part II); exports under bond may permit cash refund of accumulated CENVAT credit, while notifications and rules may expressly deny refunds where drawback or rebate has been claimed. (AI Summary)
Duty drawback reimburses exporters for customs, central excise and service tax on inputs used in exports but is not available on duties for which CENVAT credit has been availed; recipients of drawback are barred from claiming duplicate excise credit refunds. Excise rebate or refund requires duty to have been debited and appropriate export entries (e.g., ARE1 and RG-23 Part II); exports under bond may permit cash refund of accumulated CENVAT credit, while notifications and rules may expressly deny refunds where drawback or rebate has been claimed. (AI Summary)