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 |
|
|
