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DUTY DRAWBACK CLAIMS
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...01 Sep, 2021, 09.46 AM IST- CBIC orders special drive for processing pending refund/ drawback claims from May 15-31The Board issued instructions to all field units of customs and central tax on May 13, to prioritise processing and disposal of all pending...14 May, 2021, 01.41 PM IST
- 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 ...17 Dec, 2020, 04.14 PM IST
- 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...25 Jan, 2018, 11.40 PM IST
- Apparel exporters urge Finance Ministry to restore previous ROSL rateIn a statement, Apparel Exports Promotion Council (AEPC) said it has asked the Ministry of Finance to restore the ROSL rate at 3.9 per cent.07 Jul, 2017, 07.34 PM IST
- DRI to check database: Companies face action for not bringing back export proceedsSIT on black money has asked the ED to act against hundreds of companies, which have not transferred export proceeds of Rs 100 crore into t...22 Jul, 2016, 11.43 AM IST
- Parliamentary panel for strict monitoring to check duty drawback fraudA Parliamentary panel today said the Finance Ministry has not made "sincere efforts" to strengthen and fix loopholes in the monitoring mech...16 Dec, 2015, 09.24 PM IST
- Ready-made garments export under scanner for tax scheme misuseThe duty drawback scheme is aimed at promoting export by compensating all duties or taxes embedded in cost of manufacture of exported goods.08 Feb, 2015, 10.47 AM IST
- Textile exports badly hit by delay in release of duty drawbackThe delay in the release of duty drawback since five months is mainly attributed to non-availability of funds with the customs.23 Apr, 2014, 04.33 PM IST
- 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...20 May, 2011, 07.20 AM IST
- FM rules out extension of export-incentive plan beyond June 30Pranab Mukherjee has decided against extending a 14-year-old popular export incentive scheme called the duty entitlement passbook, a senior...04 May, 2011, 06.56 AM IST
- Finmin asks customs dept to scrutinise SEZs' tax claimsThe finance ministry has urged customs officials to check duplication of drawback claims on supplies made to special economic zones (SEZs).28 Jan, 2008, 03.06 AM IST
- Govt to cut paperwork for exporters' tax refundThe Central Board of Excise and Customs (CBEC) has notified the measure after exporters expressed to the government their inconvenience.10 Oct, 2007, 03.00 PM IST
- Exporters to get extra drawback sans fresh documentsIn a move that will expedite payment of pending drawback amount to exporters, the finance ministry has agreed to provide additional duty dr...08 Oct, 2007, 05.50 PM IST
- CBI conducts raids on 20 exporters in Delhi, Mumbai, JaipurThe CBI on Friday conducted searches at 30 places in Delhi, Mumbai, Jaipur and Nawanshahr in Punjab in connection with fraudulent transfer ...21 Jul, 2006, 08.55 PM IST
- Duty drawback rule a major relief for exportersIn a major relief to exporters, especially thousands of small and medium-sized units, the CBEC has decided to de-link duty drawback payment...15 Aug, 2005, 02.59 AM IST
- 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...11 May, 2002, 10.52 PM IST
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