Question

What do you mean by Duty Drawback scheme. Explain the procedures for claiming Duty Drawback.

07 May 2025
Answer :
Word Count : 522
The Duty Drawback scheme is an important export incentive provided by the Government of India to encourage exporters and promote foreign trade. It refers to the refund of customs duties, excise duties, and service tax paid on imported inputs or domestic inputs used in the manufacture of goods that are eventually exported. The rationale behind the scheme is to make Indian goods more competitive in the international market by neutralizing the effect of taxes and duties levied on inputs. By offering a refund, the government ensures that exports are not burdened by domestic duties, thus enhancing price competitiveness and supporting the growth of exports. The scheme operates under the Customs Act, 1962 and is administered by the Central Board of Indirect Taxes and Customs (CBIC). Duty drawback can be claimed ____ ____ _____ _____ ________ _______ ________ _________ ________.
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