https://www.taxtmi.com/article/detailed?id=7125 When export proceeds are not realised, the legal presumption under the Customs code treats the circumstance as if no duty drawback had been allowed, enabling recovery of the Customs component of drawback. A later rule added to the Drawback Rules is clarificatory of this pre-existing position and thus has retrospective effect; the High Court's approach distinguishing recoverability of the Customs component from certain pre-Rule payments of the Excise component was upheld. en-us Thu, 15 Dec 2016 10:24:58 +0530 Thu, 15 Dec 2016 10:24:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7125 When export proceeds are not realised, the legal presumption under the Customs code treats the circumstance as if no duty drawback had been allowed, enabling recovery of the Customs component of drawback. A later rule added to the Drawback Rules is clarificatory of this pre-existing position and thus has retrospective effect; the High Court's approach distinguishing recoverability of the Customs component from certain pre-Rule payments of the Excise component was upheld. Articles Customs - Import - Export - SEZ Thu, 15 Dec 2016 10:24:58 +0530 https://www.taxtmi.com/article/detailed?id=7125