Section 74 Customs Act: Exporters Eligible for Up to 98% Duty Drawback on Unused Goods, Must Apply Within 3 Months

Duty drawback on the re-export of imported goods is governed by Section 74 of the Customs Act, 1962, and related rules. Exporters must file applications within three months of export clearance, extendable to 12 months. A portion of customs duty is refunded based on goods' usage, with up to 98% refundable if unused. Used goods exported after 18 months are ineligible for drawback. Compliance with rules is mandatory, requiring detailed orders and examination reports. To prevent dual benefits, exporters must provide a certificate confirming no tax credit or refund claims. Drawback payments are reconciled by the Pay and Accounts Office.