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Duty Drawback- Urgent, Other Topics

Issue Id: - 112860
Dated: 22-9-2017
By:- Aarushi Raturi
Duty Drawback- Urgent

  • Contents

Dear Sir,

We are UP based company, earlier exporting apparels without vat and claiming duty drawback , post gst implementation we are going to export first time by the end of month September 2017 .

My queries are

1 . We will be exporting graments with zero rated tax , have taken bond for the same purpose , can we claim duty drawback ? if yes will the rate of drawback remain same as earlier ?

2. Can we take input credit of GST paid on purchase of those garments ?

Kindly revert ASAP.



Posts / Replies

Showing Replies 1 to 5 of 5 Records

1 Dated: 22-9-2017

EIther drawback or ITC can be claimed. Both cannot be claimed, your supply of goods being zero rated.

2 Dated: 24-9-2017
By:- Kishan Barai

There are 2 Drawback Rates higher and lower. Lower i.e (after availment of Cenvat Credit ) could be still claimed as per judgement passed by FIEO even after availment of ITC via Bond + BG on Exports.

3 Dated: 25-9-2017
By:- Ramaswamy S

Please refer to Drawback rules, 2017 issued last week. Both ITC and drawback cannot be claimed. DBK is allowed only if the products have imported contents.

4 Dated: 25-9-2017
By:- Kishan Barai

Respected Sir,

Recently we did shipment of Candy Making Machine to Lusaka Africa, in that we got both ITC as well as DBK lower rate. Both ITC & DBK higher rate can't be claimed but lower is allowed if filed at the time of Shipping Bill , we got this information from FIEO & its still in process.

Thank You

5 Dated: 25-9-2017
By:- Ramaswamy S

There is no upper limit and lower limit under the new drawback rates wef 01.10.2017. Please check in cbec website about the new rates


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