https://www.taxtmi.com/caselaws?id=328637 The Gujarat High Court examined whether duty drawback is available when customs duty on imported inputs is discharged by debit in a DEPB scrip rather than by cash payment. It held that section 75 of the Customs Act, 1962 and the Drawback Rules, 1995 do not bar drawback on that basis, and that the relevant notifications and circulars could not be read as denying drawback on basic customs duty merely because the duty was paid through an export incentive scrip. The Court also distinguished VKGUY, FMS and FPS schemes, noting that they do not operate like DEPB for neutralising duty on imported inputs. Accordingly, orders denying or reversing drawback were unsustainable. en-us Fri, 06 May 2016 00:00:00 +0530 Thu, 17 Nov 2016 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328637 The Gujarat High Court examined whether duty drawback is available when customs duty on imported inputs is discharged by debit in a DEPB scrip rather than by cash payment. It held that section 75 of the Customs Act, 1962 and the Drawback Rules, 1995 do not bar drawback on that basis, and that the relevant notifications and circulars could not be read as denying drawback on basic customs duty merely because the duty was paid through an export incentive scrip. The Court also distinguished VKGUY, FMS and FPS schemes, noting that they do not operate like DEPB for neutralising duty on imported inputs. Accordingly, orders denying or reversing drawback were unsustainable. Case-Laws Customs Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328637