TMI BlogDuty Drawback SchemeX X X X Extracts X X X X X X X X Extracts X X X X ..... Customs Act 1962 in the GST regime. (ii) However, the duty drawback rules have substantially been amended and new Customs and Central Excise Duties Drawback Rules, 2017 with effect from 01.10.2017, have been issued. ( Notification No. 88/2017-Customs (N.T) dated 21st September, 2017 ) (iii) The definition of drawback has been amended to exclude Integrated Tax and GST Compensation Ces ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . (viii) Drawback under Section 74 will refund Customs duties as well as Integrated Tax and Compensation Cess paid on imported goods which are re-exported. However, a part of the Integrated Tax and Compensation Cess paid on imported goods would have gone to the respective States/UT, therefore, the same can only be refunded only if the concerned State/UT has not refunded it and the importer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... available, only single rate of AIRs have been continued. Therefore, there will be no difference in rate of Drawback for exporters not availing ITC in GST regime. In GST regime, drawback will be admissible only at lower rate determined on the basis of customs duties paid on imported materials used in the manufacture of export goods. However, as an export facilitation measure, for the transit ..... X X X X Extracts X X X X X X X X Extracts X X X X
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