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There is a major change in the policy of the Central Government to allow duty drawback on re-export of goods on which duty of customs has been paid.
Earlier, the importer was allowed to re-export the goods within 36 months to claim duty drawback but after amendment, no duty drawback is allowed if the goods re-exported after use of 18 months.
A comparative List of rate of duty drawback before amendment and after amendment is given hereunder:
Notification No. 019/1965-Cusdated -06-02-1965 (As amended)
Sl.No. | Length of period between the date of clearance for home consumption and the date when the goods are placed under Customs control for export. | Percentage of import duty to be paid as Drawback Before Amendment vide notification no. 23/2008 Cus dated 1/3/2008 | Percentage of import duty to be paid as Drawback After Amendment vide notification no. 23/2008 Cus dated 1/3/2008 |
(1) | (2) | (3) | (3) |
1. | Not more than three months | 95% | 95% |
2. | More than three months but not more than six months | 85% | 85% |
3. | More than six months but not more than nine months | 75% | 75% |
4. | More than nine months but not more than twelve months | 70% | 70% |
5. | More than twelve months but not more than fifteen months | 65% | 65% |
6. | More than fifteen months but not more than eighteen months | 60% | 60% |
7. | More than eighteen months but not more than twenty-one months | 55% | NIL |
8. | More than twenty-one months but not more than twenty-four months | 50% | NIL |
9. | More than twenty-four months but not more than twenty-seven months | 45% | NIL |
10. | More than twenty-seven months but not more than thirty months | 40% | NIL |
11. | More than thirty months but not more than thirty- three months | 35% | NIL |
12. | More than thirty-three months but not more than thirty-six months |
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