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DUTY DRAWBACK CUSTOMS
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...- From $300 to $8,500 freight: West Asia war squeezes UP MSMEs, delays stretch to 60 daysExporters report shipment delays of up to 60 days, 20-30% cost escalation, and growing order uncertainty due to the West Asia conflict.
- 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...
- 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...
- New incentives for garment exporters from September 20In a first of its kind move, the Cabinet had cleared Rebate of State Levies (ROSL) on export of garments to refund the state levies which w...
- Finance ministry raises duty drawback rates for exports for engineering, marine, leather and textilesRates have been raised by 2% for engineering goods, frozen shrimps and host of marine products, leather goods such as wallets and textiles ...
- 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...
- 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.
- Cut in duty refunds to negate rupee effect; EEPC for refixing if drawback rates to make exports competitiveEEPC India expressed strong resentment & disappointment over govt's decision to effect a 26-% cut in duty drawback rates.
- Tax refund rate cut 31 per cent for silver jewellery exportersAmid declining global silver prices, the government has slashed duty drawback rate by nearly 31 per cent to Rs 1,795.5 per kg on silver.
- 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 ...
- FIEO for higher duty drawback on gold inputsExporters have urged Revenue Department to increase the duty drawback rates for the gems and jewellery sector in view of the rise in custom...
- Exporters ask FM to increase duty drawback by 2%Exporters on Wednesday sought two per cent increase in duty drawback rates -- refund of duties on raw materials imported -- to make their p...
- MoF panel to review cut in duty drawbackDuty drawback rates for some sectors are up for review. The finance ministry has reconstituted the drawback committee to examine the rates ...
- New duty drawback rates effective from MondayThe finance ministry on Friday revised duty drawback rates, effecting an across-the-board reduction in line with the duty changes made this...
- 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...
- 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 ...
- Duty drawback scheme to cover more milesThe Centre is planning to extend the scope of the duty drawback scheme for exporters to cover more items and provide adequate neutralisatio...
- 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...
- Govt eases duty drawback scheme for exportersIn an effort to boost exports, the government on Thursday modified the procedures on duty drawback schemes of exporters based on the Kelkar...
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