Admissibility of 5% Entitlement Rate under VKGUY Scheme, for shipments under Duty Drawback Scheme where the Drawback Rate is up to 1% only (including both Customs & Excise components).

Admissibility of 5% Entitlement Rate under VKGUY Scheme, for shipments under Duty Drawback Scheme where the Drawback Rate is up to 1% only (including both Customs & Excise components). https://www.taxtmi.com/circulars?id=4264 VKGUY entitlement is admissible at five percent of FOB value for exports under the Duty Drawback Scheme where combined Customs and Excise drawback is up to one percent; the 3.5% reduced Duty Credit rate applies only when Chapter 4 agricultural input import benefits are availed, and DEPB claims limited to packing material do not preclude the full VKGUY entitlement. The provision applies from the FTP(RE2006) effective period onward. en-us Thu, 24 Apr 2008 00:00:00 +0530 Mon, 28 Apr 2008 19:02:00 +0530 TaxTMI RSS Generator Admissibility of 5% Entitlement Rate under VKGUY Scheme, for shipments under Duty Drawback Scheme where the Drawback Rate is up to 1% only (including both Customs & Excise components). https://www.taxtmi.com/circulars?id=4264 VKGUY entitlement is admissible at five percent of FOB value for exports under the Duty Drawback Scheme where combined Customs and Excise drawback is up to one percent; the 3.5% reduced Duty Credit rate applies only when Chapter 4 agricultural input import benefits are availed, and DEPB claims limited to packing material do not preclude the full VKGUY entitlement. The provision applies from the FTP(RE2006) effective period onward. Circulars DGFT Thu, 24 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4264