Exprt under Duty Drawbacks

[sukhvinder singh]

Respected Sir,

We are Manufactering Organic Chemical . We are Export our product  under Lut & Rebate Claim .So i want to know what is duty draw back & hows it is use.

Thanks & Regards

[YAGAY andSUN]

There are three aspect of Duty Drawback, namely:-

1. All Industry Rate - Duty Drawback  - For export of goods which is mentioned in the AIR Notification.
2. UnderSection 74 of Customs Act 1962 - For export of imported goods as such.
3. Under Section 75 of the Customs Act 1962 - For export of manufactured goods by utilizing the imported goods.

AI Summary

Duty drawback: three mechanisms govern export relief based on AIR coverage, re-exported imports, or manufactured exports using imports. Duty drawback relief operates via three mechanisms: All Industry Rate drawback for goods covered by the AIR notification; Section 74 drawback for re-export of imported goods as such; and Section 75 drawback for export of goods manufactured using imported inputs, with entitlement determined by the origin and use of inputs and the export classification.