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Home News Commentaries / Editorials Month 3 2008 2008 (3) This
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No Duty drawback on re-export of goods after 18 months

March 12, 2008
 

There is a major change in the policy of the Central Government to allow duty drawback on re-export of goods on which duty of customs has been paid.

Earlier, the importer was allowed to re-export the goods within 36 months to claim duty drawback but after amendment, no duty drawback is allowed if the goods re-exported after use of 18 months.

A comparative List of rate of duty drawback before amendment and after amendment is given hereunder:

Notification No. 019/1965-Cus dated -06-02-1965 (As amended

Sl.No.

Length of period between the date of clearance for home consumption and the date when the goods are placed under Customs control for export.

Percentage of import duty to be paid as Drawback Before Amendment vide notification no. 23/2008 Cus dated 1/3/2008

Percentage of import duty to be paid as Drawback After Amendment vide notification no. 23/2008 Cus dated 1/3/2008

(1)

(2)

(3)

(3)

1.

Not more than three months

95%

95%

2.

More than three months but not more than six months

85%

85%

3.

More than six months but not more than nine months

75%

75%

4.

More than nine months but not more than twelve months

70%

70%

5.

More than twelve months but not more than fifteen months

65%

65%

6.

More than fifteen months but not more than eighteen months

60%

60%

7.

More than eighteen months but not more than twenty-one months

55%

NIL

8.

More than twenty-one months but not more than twenty-four months

50%

NIL

9.

More than twenty-four months but not more than twenty-seven months

45%

NIL

10.

More than twenty-seven months but not more than thirty months

40%

NIL

11.

More than thirty months but not more than thirty- three months

35%

NIL

12.

More than thirty-three months but not more than thirty-six months

 

 

 
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