Lucrative

Duty Drawback Regulations

Eligibility -To qualify for Duty Drawback, the goods must be exported within the specific regulations set by the authorities. Documentation -Proper documentation is crucial for claim approval....

Eligibility -To qualify for Duty Drawback, the goods must be exported within the specific regulations set by the authorities.
Documentation -Proper documentation is crucial for claim approval. Required documents include:

Import and export documentation
Proof of payment of duties
Evidence of exports and realisation

Filing Claims -Claims must be filed with the port of export and should:

Include all necessary documentation
Follow the prescribed format
Goods Eligible for Drawback
The following are the eligible goods for the duty drawback.
- To export goods imported into India
- To export goods imported into India after having been taken for use
- To export goods manufactured/produced out of imported material
- To export goods manufactured/produced out of indigenous material
- To export goods manufactured /produced out of imported or indigenous materials.
Eligibility Criteria
The below following are the minimum criteria to claim for processing drawback claims.
- Any individual must be the legal owner of the goods at the time the goods are exported.
- You must have paid customs duty on imported goods.
- Duty drawback is available on most goods on which customs duty was paid on importation and which has been exported.
Documents Required
The below following are the documents required for processing drawback claims.
- Triplicate copy of the Shipping Bill
- Copy of the Bill of entry
- Import Invoice
- Proof of payment of duty paid on the importation of goods.
- Approval from the Reserve Bank of India for re-exports of goods
- Copy of the Bill of Lading or Airway bill.
- Copy of the Bank Certified Invoices.
- Sixtuplicate Copy of AR-4
- Export invoice and packing list.
- Freight and Insurance certificate
- Copy of the Test report of goods
- Modvat Declaration
- A worksheet showing the drawback amount claimed
- DEEC Book and license copy where applicable.
- Transshipment certificate, where applicable
- Blank acknowledgment card in duplicate
- Pre-receipt for drawback amount on the reverse of Shipping Bill duly signed on the Rs1/- revenue stamp
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