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Customs - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Claim of duty drawback - Reversal of Cenvat credit before ...


Reversing Cenvat credit before use equals not taking it, enabling higher duty drawback claims post-export.

March 27, 2015

Case Laws     Customs     CGOVT

Claim of duty drawback - Reversal of Cenvat credit before utilization amounts to non-taking of credit that such reversal can be done subsequent to export of goods - drawback claims at higher rate @ 16% of FOB value of exports allowed - CGOVT

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