draw back on iran, Customs - Exim - SEZ

[kamal chordia]

We shall planning  to exporting our Yarn to IRAN, are we entitled for Duty Draw back Scheme. related notification circular etc any, provide.

Posts / Replies

[Pradeep Khatri]

It is not clear under which section of Customs Act, 1962. you intent to export your product.  Whether it is under Section 74 or Section 75 of the Customs Act, 1962.  Further, also check whether your product falls under Negative list of the goods intended for export to Iran as UN and USA has put saction on Iran.  Please check this aspect. 

Further, it your product is freely exportable to Iran then you may also opt for All Industry Rate. All Industry Rates (AIR) of Duty Drawback 2011-12 have been notified vide Notification No. 68/2011- Cus (N.T), dated 22.09.2011. The rates of duty drawback are effective from 01.10.2011.