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

AI Summary

Understanding Duty Drawback: All Industry Rate, Section 74 for Exported Imports, Section 75 for Manufactured Goods Exports A manufacturing company inquired about the concept and application of duty drawback in the context of exporting organic chemicals under LUT and rebate claims. A respondent explained that duty drawback has three aspects: the All Industry Rate for goods specified in the AIR Notification, Section 74 of the Customs Act 1962 for exporting imported goods as such, and Section 75 for exporting manufactured goods that utilize imported materials.