Customs - 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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....Public Notice 09/2017 Sub: Customs - Drawback of Integrated Tax and Compensation Cess paid on imported goods upon re-export under Section 74 of the Customs Act, 1962- Reg. ***** Attention of all Importers, Exporters, Customs Brokers and other members of the trade, is invited towards Board's Circular No.- 21/2017-Customs dated 30.06.2017. 2. Section 74 of the Customs Act, 1962 provides for ....

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....and compensation cess along with basic customs duty, etc. 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 (N.T.) dated 29.6.2017 may be referred in this regard. 5. In order to prevent dual benefit while sanctioni....