TMI BlogNo Duty drawback on re-export of goods after 18 monthsX X X X Extracts X X X X X X X X Extracts X X X X ..... No Duty drawback on re-export of goods after 18 months - Commentaries / Editorials Dated:- 12-3-2008 - News - 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ore 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 th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an thirty months but not more than thirty- three months 35% NIL 12. More than thirty-three months but not more than thirty-six months - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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