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of <h1>Duty Drawback Limitations: Ineligible for amounts under Rs. 50, low market value, or if export value is less than imports.</h1> The Customs Act, 1962, and the Drawback Rules, 2017, establish limitations on duty drawback eligibility. Duty drawback is not allowed if the amount is less than Rs. 50, if the market price of goods is less than the drawback amount, if export goods' value is less than that of imported materials, or if the drawback rate exceeds one-third of the market price. The government may restrict drawback if goods are likely to be smuggled back. Duty drawback can be recovered if export proceeds are not received within the RBI's stipulated period, with exceptions for insurance-covered non-realizations.
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