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of <h1>Understanding Duty Drawback Limits: Customs Act & Drawback Rules on Eligibility and Recovery Criteria Explained</h1> The Customs Act, 1962, and the Drawback Rules, 2017 establish limitations on duty drawback eligibility. Duty drawback is not permitted if the amount is less than Rs.50, the market price of goods is below the drawback amount, the export value is less than the imported materials, or the drawback rate exceeds one-third of the export product's market price. The government may restrict drawback if goods are likely to be smuggled back. Duty drawback recovery is enforced if export proceeds are not received within the RBI's timeframe, unless exceptions apply, such as compensation by the Export Credit Guarantee Corporation.
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