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TMI BlogDRAWBACK AND SCHEME EXPORTX X X X Extracts X X X X X X X X Extracts X X X X ..... DRAWBACK AND SCHEME EXPORT X X X X Extracts X X X X X X X X Extracts X X X X ..... e rate fixed by them. However in scheme export, you have to mention the scheme name while filing shipping bills for export in customs. Reply By Pradeep Khatri: The Reply: Dear Ranjit, Duty Drawback is of three kinds, namely:- * Export under Section 74 of the Customs Act, 1962 (Export of inputs etc. as such) * Export under Section 75 of the Customs Act, 1962 (Export of finished goods in whic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h imported inputs/components/raw material is used on which import customs duty was paid). * Export under All Industry Rate (In this drawback of duty rates is fixed by the Government). Scheme Exports are as under:- * Export under Advance License scheme * Export under EPCG Scheme * Focus Market Scheme * Served from India Scheme (Service export) * DFIA scheme * Focus Product Scheme. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o avail the benefit of above schemes, there is a requirement to mention about these scheme on the Shipping Bills prior to exporting out of India.
Regards
Team YAGAY and SUN
(Management and Indirect Tax Consultants)
Reply By Naveed S:
The Reply:
Yes, and one more export scheme namely Market Linked Focus Product Scheme (MLFPS). X X X X Extracts X X X X X X X X Extracts X X X X
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