TaxTMI 
TaxTMI 
DRAWBACK AND SCHEME EXPORT
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....RAWBACK AND SCHEME EXPORT<br> Query (Issue) Started By: - ranjit kunar Dated:- 16-7-2014 Last Reply Date:- 16-7-2014 Customs - Exim - SEZ<br>Got 3 Replies<br>Customs<br>what is drawback export and scheme export????? Reply By PAWAN KUMAR: The Reply: As per my view, the drawback export is the export of your product on which you claim any duty drawback which government allow on some products at the....
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.... rate fixed by them. However in scheme export, you have to mention the scheme name while filing shipping bills for export in customs. Reply By Pradeep Khatri: The Reply: Dear Ranjit, Duty Drawback is of three kinds, namely:- * Export under Section 74 of the Customs Act, 1962 (Export of inputs etc. as such) * Export under Section 75 of the Customs Act, 1962 (Export of finished goods in which....
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.... imported inputs/components/raw material is used on which import customs duty was paid). * Export under All Industry Rate (In this drawback of duty rates is fixed by the Government). Scheme Exports are as under:- * Export under Advance License scheme * Export under EPCG Scheme * Focus Market Scheme * Served from India Scheme (Service export) * DFIA scheme * Focus Product Scheme. To....
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.... avail the benefit of above schemes, there is a requirement to mention about these scheme on the Shipping Bills prior to exporting out of India. Regards Team YAGAY and SUN (Management and Indirect Tax Consultants) Reply By Naveed S: The Reply: Yes, and one more export scheme namely Market Linked Focus Product Scheme (MLFPS).<br> Discussion Forum - Knowledge Sharing ....