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of <h1>India Bans Duty Drawback on Exports to Bhutan, Nepal, Myanmar, Tibet; Exceptions for Irrevocable Credits, International Projects.</h1> The Central Government of India has issued a notification superseding a previous one from 1963, stating that goods exported under a claim for drawback to specific regions, including Bhutan, Nepal, Myanmar, Tibet, and Sinkiang, are likely to be smuggled back into India. Therefore, no drawback of import duty will be allowed for such exports. Exceptions are made for exports backed by irrevocable letters of credit in freely convertible currency or for projects financed by international agencies. Specific conditions and designated customs stations apply to these exceptions, particularly for exports involving capital goods or petroleum products.
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