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DUTY DRAWBACK BENEFITS
Goods moved from SEZs to domestic markets treated as imports; duty drawback applicable on re-exportsNew Delhi has clarified a key point for exporters. Goods moved from SEZ units to the domestic market, after paying duties, will now be cons...- How to claim refunds more efficiently under the Duty Drawback SchemeThe key benefit of the scheme is that it gives rebates on Customs and Central Excise chargeable on any imported or excisable materials used...
- In push for exporters, government claims will be cleared within shorter period nowThe government said that the duty drawback claims have to be processed within a timeframe. The time frame was reduced from 7 days to three ...
- Duty drawback rates increased for 102 products in bid to boost exportsThe benefit in form of higher duty drawback on 102 items is expected to boost exports and also ease the liquidity crunch faced by exporters...
- Government examines drawback benefit schemes in GST regimeROSL, a remission scheme to offset state levies is an import additional duty drawback scheme announced by the Textile Ministry for exporter...
- GST relief for exporters, some refunds to continueThe GST legislation approved by the cabinet and the GST Council has a provision enabling duty drawback in relation to goods manufactured in...
- Government notifies new duty drawback rates for exportersDrawback caps continue on most tariff items with AIRs above 2 per cent, it said, adding "The caps have been revised. At rates below 2 per c...
- Alstom India wins duty drawback spat at Gujarat High CourtThe verdict was passed following a writ petition filed by Alstom India which challenged the constitutional validity of these provisions at ...
- Cutting duty drawback rate for engineering exports unfair: EEPC IndiaThe govt has meted out an unfair treatment to engineering exports by cutting duty drawback rates for over 3,500 products, industry body EEP...
- Tax refund rate increased for gold jewellery exportersWith an aim to increase jewellery exports, the government today increased the duty drawback rate by Rs 73 to Rs 173.7 per gram on gold orna...
- AEPC to CBEC: Release duty drawback benefit to exportersApparel exporters today appealed to the revenue department to expeditiously release about Rs 500 crore duty drawback benefit to the exporte...
- Duty drawback rates hiked on most items eligible for sopsGovt announced increase in duty drawback rates -- refund of duties on imported inputs for export items -- on most of the products eligible ...
- Centre replacing the flagship export incentive DEPBThe way ahead is to put in place a comprehensive goods and services tax regime so that reimbursement of levies on exports is streamlined.
- Duty Entitlement Pass Book (DEPB) replacement set to cut tax refunds by 1-3 per centGovt has expanded its duty drawback scheme to cover items under a lucrative duty reimbursement mechanism.
- DEPB to stay for 3 more months, but no more extensions: FinminThe finance ministry has given a three-month extension to the popular export incentive scheme, the Duty Entitlement Passbook or DEPB.
- Hike duty drawback rates: Commerce MinThe commerce department is pushing for an increase in refund rates under the duty drawback scheme, after the govt announced it was removing...
- Govt sets up committee to review duty drawback ratesFaced with outcry of exporters for relief from the rupee rise, the government has set up a high-level committee to review the duty drawback...
- DEPB gets a fresh lease of lifeIt's official now. Like the proverbial cat, the DEPB (duty entitlement pass book) scheme - a hot favourite of exporters - has got yet anoth...
- New WTO-compliant policy to back exportersThe government is devising a brand new scheme to support exporters.
- EPZs cannot avail of duty drawback benefitsThe government has barred units located in export processing zones from availing duty drawback benefits on the inputs procured from local u...
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