Drawback of Integrated Tax and Compensation Cess paid on imported goods Upon re-export under Section 74 of the Customs Act, 1962

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....: - 17/2017 Sub: Drawback of Integrated Tax and Compensation Cess paid on imported goods Upon re-export under Section 74 of the Customs Act, 1962, 1. Attention of the Trade is invited to Board's Circular No. 21/2017- Customs issued vide F. No. 609/54/2017-DBKdated 30.06.2017, 2. Section 74 of the Customs Act, 1962 provides for drawback of duties paid at time of importation when the im....

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....c. 4. In this regard, the definition of "drawback" under Rule 2 (a) of the Re-export Rules, 1995 has been suitably amended to include refund of duty or tax or cess as referred in the CTA, 1975. Notification No, 57/2017-Customs (NOT,) dated 29.6.2017 may be referred in this regard. 5. In order to prevent dual benefit while sanctioning drawback under Section 74 of the Customs Act, 1962, it may....