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=4271 Where exports are made under the Duty Drawback Scheme with combined Customs and Excise drawback at or below a low threshold, exporters are entitled to the higher VKGUY entitlement calculated on FOB value; similarly, exports under DEPB claimed only for packing material remain eligible for full VKGUY entitlement. The circular links these clarifications to the Foreign Trade Policy provision introducing a reduced duty credit scrip rate in certain cases and states the entitlement rules apply from that provision's effective date. en-us Thu, 24 Apr 2008 00:00:00 +0530 Mon, 05 May 2008 20:47:00 +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=4271 Where exports are made under the Duty Drawback Scheme with combined Customs and Excise drawback at or below a low threshold, exporters are entitled to the higher VKGUY entitlement calculated on FOB value; similarly, exports under DEPB claimed only for packing material remain eligible for full VKGUY entitlement. The circular links these clarifications to the Foreign Trade Policy provision introducing a reduced duty credit scrip rate in certain cases and states the entitlement rules apply from that provision's effective date. Circulars DGFT Thu, 24 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4271