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Customs - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Denial of duty drawback claim - consideration not received - ...


Exporters Cannot Claim Duty Drawback if No Foreign Exchange is Earned from Overseas Buyers.

July 25, 2015

Case Laws     Customs     HC

Denial of duty drawback claim - consideration not received - When the export transaction fails in the sense that there is no accrual of foreign exchange from the overseas buyer, there can be no duty drawback that can be claimed by the exporter - HC

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