TaxTMI 
TaxTMI 
TaxTMI 
Duty Drawback- Urgent
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....uty Drawback- Urgent<br> Query (Issue) Started By: - Aarushi Raturi Dated:- 22-9-2017 Last Reply Date:- 25-9-2017 Other Topics<br>Got 5 Replies<br>Indian Laws<br>Dear Sir, We are UP based company, earlier exporting apparels without vat and claiming duty drawback , post gst implementation we are going to export first time by the end of month September 2017 . My queries are 1 . We will be exporti....
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....ng graments with zero rated tax , have taken bond for the same purpose , can we claim duty drawback ? if yes will the rate of drawback remain same as earlier ? 2. Can we take input credit of GST paid on purchase of those garments ? Kindly revert ASAP. Regards Aarushi Reply By KASTURI SETHI: The Reply: EIther drawback or ITC can be claimed. Both cannot be claimed, your supply of goods being z....
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....ero rated. Reply By Kishan Barai: The Reply: There are 2 Drawback Rates higher and lower. Lower i.e (after availment of Cenvat Credit ) could be still claimed as per judgement passed by FIEO even after availment of ITC via Bond + BG on Exports. Reply By Ramaswamy S: The Reply: Please refer to Drawback rules, 2017 issued last week. Both ITC and drawback cannot be claimed. DBK is allowed only i....
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....f the products have imported contents. Reply By Kishan Barai: The Reply: Respected Sir, Recently we did shipment of Candy Making Machine to Lusaka Africa, in that we got both ITC as well as DBK lower rate. Both ITC & DBK higher rate can't be claimed but lower is allowed if filed at the time of Shipping Bill , we got this information from FIEO & its still in process. Thank You Reply By R....
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....amaswamy S: The Reply: There is no upper limit and lower limit under the new drawback rates wef 01.10.2017. Please check in cbec website about the new rates<br> Discussion Forum - Knowledge Sharing ....