rate of interest on refund of duty drawback

simple interest which should be calculated from the date of one month after the date of approval till the date of issuance of cheque in settlement of the claim (attach calculation sheet). The respondents, if commit default in payment of balance amount as directed by this judgement, the respondents will be obligated to pay interest @ 7% together with … 3 0 obj 13/2014-Customs DT. I/We hereby declare that the particulars and the statements made in this application are true and correct to the best of my / our knowledge and belief and nothing has been concealed or held there from. x��\Yo�H�~/��_��#�I.�\�3ջ�-t�wj�=�-�BɒW����qd��Cr�,���5�5y�x�N�i^%u�R]%:/ӢH�oY$���w������w�?�I��:�Y��'�/OT�bO�*������~�]��j�4׳�y9[o��s5K�����_�Jn~z��_�̳�j�8_���x�g;l�����F�&�a���Ti���V�E�����ɶu��q�c4��Z>�ۗ����5�61��yZW�&?|�N. 1. The payment of interest on delayed refund comes into play after the expiry of three months from the receipt of complete application, till the date of refund of such duty. Acknowledgement under Rule 13(I) is issued only if the claim is complete in all respect. 02: Meat and edible meat offal : Ch. Interest at the rate of 15% P.A. Gujarat HC directs Revenue to “immediately sanction” IGST refund on export of Rope Making Machine [HSN Code 84794000] i.e. 0.85% (1% – 0.15%) along with interest. Each individual page of the application has to be signed by the applicant. 1.Application has to be filed for claiming interest if Terminal Excise Duty (TED)/ Duty Drawback/ Central Sales Tax (CST) due to a claimant is not paid within a period of one month from the date of final approval of claim by the Regional Authority (RA)/ Development Commissioner (DC), Special Economic Zone (SEZ). If refund is not sanctioned within the said period of 60 days, interest at the rate notified will have to be paid in accordance with section 56 of the CGST/SGST Act. Note:-(i) No interest is payable upto one month of its final approval by RA/ DC. vi) Date of approval of the claim as communicated to the applicant through standard letter by the Regional Authority/ DC (attach a photo copy of the Approval Letter for ripe claims issued by Regional Authority/ DC). <>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 595.32 842.04] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> As per the Department of Revenue, the rates … In case of delayed refund of duty under Section 27A, rate of interest has been fixed at 6% by the vires of Notification No.75/2003-CUS(NT) dated12.09.2003. and date of the claim sanctioned:-. 18.11.2014 and Circular No. In the new GST taxation regime, the drawback rate is only limited to the refund of the customs duty. 13/2016-ST dated March 1, 2016: Enactment of Finance Bill, 2016: b. Duty Drawback Basics. Because relevant circulars were not brought to their notice either by their GST advisers … 6.I/ We fully understand that any information furnished in the application if found incorrect or false will render me/ us liable for any penal action or other consequences as my be prescribed in law or otherwise warranted. endobj 4/2019- Customs dated October 11, 2019, clarifying the position regarding Education Cess, Secondary and Higher Education Cess, … and date of the claim sanctioned:-, (v)Number and date of the cheque issued:-, ii) Whether Terminal Excise duty : Yes/No, iii) Whether Central Sales Tax: Yes/ No, iv) File No. vii) Amount of interest claimed @6% p.a. The Indian government has marginally increased duty drawback rates for several textile items, applicable for the year 2018-19. Refund of duty drawback along with interest: There was no provision under the GST law under which refund of IGST could be withheld due to excess claim of drawback. endobj The drawback rates were keenly awaited and expected to be increased; however, there has been a marginal increase of 0.2 per cent to 0.5 per cent in major product categories. 4.Application has to be filed with the same RA/ DC, which has sanctioned and released the TED/Drawback/ CST. Interest is calculated using the compound interest formula of: (((1 + (RATE/NBR OF DAYS IN YR)) ^ NO OF DAYS) - 1) MULTIPLIED BY THE BILL/REFUND AMOUNT. The new All Industry Rate of Duty Drawback for 2014-15 for various export product group including handicrafts have been announced by the Department of Revenue vide its Customs Notification No. The Customs Duty Drawback can also be paid in advance immediately on presentation of Customs certified shipping bill ... rate of interest on advances made to the exporters under the Scheme is to be very nominal, as otherwise the advance is interest free. Application must be accompanied by documents as per details given below : Photocopy of approval letter for ripe claims. Under Duty Drawback Scheme, an exporter can opt for either All Industry Rate (AIR) of Duty Drawback Scheme or brand rate of Duty Drawback Scheme. Note: Interest is payable by the claimant on erroneous refund of duty drawback @ 15% per annum for the period beginning from the date of payment of such drawback to the claimant, till the date of recovery of such drawback [Section 75A(2) of the Customs Act, 1962]. Act, shall be granted, in addition to the drawback or refund, interest on the drawback or refund at the prescribed rate for the period beginning on the ninety-first day after an application for the drawback or refund is made in accordance with this Part and ending on the day the drawback or refund is granted. CLAIMING DUTY DRAWBACK ON ALL INDUSTRY RATES/FIXATION OF DRAWBACK RATES/ REFUND OF TERMINAL EXCISE DUTY DBK I STATEMENT Description of the Export Product supplied Bill of Materials* issued for manufacture of (No. endobj Supply invoices certified by Central excise. I/We hereby certify that the Proprietor/Partner(s)/Director(s)/Karta/Trustee, as the case may be, of the firm/company is/are not associated as Proprietor/Partner(s)/Director(s)/Karta/Trustee in any other firm/company which is in the caution list of RBI. 3. a. <>>> I / We hereby certify that none of the Proprietor/ Partner(s) / Director(s) / Karta / Trustee of the firm / company, as the case may be, is / are a Proprietor / Partner(s) / Director(s) / Karta / Trustee in any other firm / Company which has come to the adverse notice of DGFT. These rates are fixed taking into consideration the amount of Customs duty or the Central Excise duty or both paid on the inputs of the export product. The drawback claimant can either be an importer, manufacturer or exporter, provided the proper authorization and documentation is filed with the U.S. Customs Service. 1.I/We hereby declare that the particulars and the statements made in this application are true and correct to the best of my / our knowledge and belief and nothing has been concealed or held there from. If found incorrect or false, it will render me / us liable for any penal action or other consequences as may be prescribed in law or otherwise warranted. 2 0 obj Refund of duty drawback along with interest: There was no provision under the GST law under which refund of IGST could be withheld due to excess claim of drawback. Others 15%: Excise Duty (Section 11AA of the Excise Act) 15%: Notification No. I/We undertake to abide by the provisions of FT(D&R) Act, the Rules and Orders framed there under, the FTP, HBP v1, HBP v2 and the ITC(HS) Classification of Export & Import Items. Any person claiming refund of any duty or interest, has to make an application in duplicate in the form as prescribed in the Customs Refund Application(Form) Regulations, 1995, to the jurisdictional Deputy/Assistant … If the claim is … a. The same was also informed to the relevant Drawback authorities. I/we further declare and undertake that I/we shall immediately refund the amount of interest obtained by us if it is found to be in excess of our entitlement upon post-issue scrutiny by Government/ Audit/ concerned authority. ii)Photocopy of forwarding letter of cheque alongwith photocopy of the cheque. 6.Application must be accompanied by documents as per details given below : i)Photocopy of approval letter for ripe claims. The Duty Drawback Rate shall not exceed 33% of market price of export goods in any case. Tax/Duty: Rate of Interest on delayed payment (Per Annum) Notification No. Duty drawback is a refund of 99% of the duties paid on goods imported into the United States that are subsequently exported. Rate of Duty Drawback available was 0.15% if they wanted refund of IGST or Inputs GST. Duty Drawback Rates : Duty Drawback 2019-20 Duty Drawback 2018-19 Duty Drawback 2017-18 Duty Drawback 2016-17 Duty Drawback 2015-16 Duty Drawback 2014-15 Duty Draw Back 2013-14 Duty Draw Back 2012-13 Duty Draw Back 2011-12 Duty Draw Back 2010-11 Duty Draw Back 2009-10 Any amount collected as Service tax but not deposited 24%: Notification No. Under Rule 3 of the Customs and Central Excise duties Drawback Rules, 1995, the Government of India fixes the rates of Drawback on various goods generally exported by different exporters. [16] The Central Government may revise amount or rates … As per the Department of Revenue, the drawback … *(Bill of materials should consist of raw materials and components going into the manufacture of export product supplied and the actual … Free Download : ANF 8A : 7. iv)Any additional document relevant for claiming interest on delayed payment. Duty Drawback, for the uninitiated, is nothing but a refund of the duty that is charged on any imported or excisable material used in the manufacture of goods in India for export purposes. 110/2014-Customs (N.T.) But they were not knowing it. is payable to the exporters if the claim is not settled within three months from the date of issue of acknowledgement by the department. Enclosures:- (i) Photo copy of approval letter for ripe claims. However, as the Taxpayer was suffering from cash crunch and was in dire need of the refund amount, the balance drawback i.e. For payment of interest on delayed refund of duty drawback/terminal excise duty on deemed exports/ CST on supplies to EOU. Now exporters have paid GST of at least 5% on inputs or would have charged 5% IGST. 2.I/We undertake to abide by the provisions of FT(D&R) Act, the Rules and Orders framed there under, the FTP, HBP v1, HBP v2 and the ITC(HS) Classification of Export & Import Items. Application has to be filed with the same RA/ DC, which has sanctioned and released the TED/Drawback/ CST. stream Application in duplicate to be filed within 90 days of the date of cheque issued towards settlement of the claim. No exporter would prefer to take benefit of 0.85% Duty Drawback against refund of IGST/ Input GST which was at least 5%. Part 1 & Part 4 has to be filled in by all applicants. b) The respondents are directed to pay the balance amount i.e., IGST minus higher rate of duty drawback already availed by the petitioner within the time granted by this Court and avoid the additional burden of interest payment on IGST refund. (iii) Calculation sheet for interest claimed. Two copies of the application must be submitted unless otherwise mentioned. Read article about All Industry Rates (AIR) of Duty Drawback for large number of export products every year by the government. Photocopy of forwarding letter of cheque alongwith photocopy of the cheque. Under Duty Drawback Scheme, an exporter can opt for either All Industry Rate (AIR) of Duty Drawback Scheme or Brand Rate of Duty Drawback. However, as the Taxpayer was suffering from cash crunch and was in dire need of the refund amount, the balance drawback i.e. Basically, each day the amount is outstanding, interest accrues at the rate in effect for that day. 0.85% (1% – 0.15%) along with interest. (ii) Photocopy of forwarding letter of cheque alongwith photo copy of the cheque. <> Major portion of Duty Drawback is paid through AIR Duty Drawback Scheme which essentially attempts to compensate exporters of various export commodities for average incidence of customs and Central Excise duties suffered on the inputs used … 18.11.2014 w.e.f. DT. %PDF-1.5 03: Fish and crustaceans, molluscs and other aquatic invertebrates The refund of any duty and interest, can be claimed either by a person who has paid the duty in pursuance to an order of assessment or a person who has borne the duty. FIEO seeks early announcement of rates for RoDTEP - The Hindu-2nd Jan 2021; India's exporters set $350bn goal - The Telegraph-4th Jan 2021; Exports fall 0.8% in December, trade deficit widens to $15.71 billion - The Times of India -2nd Jan 2021; Exports slip 0.8% in December 2020; trade deficit widens to USD 15.71 billion - The Economic Times-2nd Jan 2021 SUB: ANNOUNCEMENT OF ALL INDUSTRY RATES OF DUTY DRAWBACK, 2020 Dear Members, The new All Industry Rate of Duty Drawback for 2020 for various export products including handicrafts have been announced by the Department of Revenue vide its Customs NOTIFICATION No.07/2020-CUSTOMS (N.T. The Central Board of Indirect Taxes and Customs (CBIC), on Tuesday, issued an instruction on the incidence of National Calamity Contingent Duty (NCCD) for calculation of Brand Rate of duty drawback.. 22.11.2014 as amended. 2.Application in duplicate to be filed within 90 days of the date of cheque issued towards settlement of the claim. I/ We fully understand that any information furnished in the application if found incorrect or false will render me/ us liable for any penal action or other consequences as my be prescribed in law or otherwise warranted. 5.Each individual page of the application has to be signed by the applicant. When composite drawback rate was claimed (by declaring suffix A or C with Drawback serial number), exporter was required to tick DBK002 and DBK003 declarations in the shipping bills. In case of Refund of Terminal Excise Duty/Duty Drawback. ), MADE EFFECTIVE FROM 4th FEBRUARY 2020 AS AMENDED. Signature of the Applicant    Place, Name of the concerned Regional Authority (RA)/ Development Commissioner (DC):-, Date on which application for claim was filed:-, Amount of TED/ DBK/ CST claim sanctioned:-, File no. 5.I/we further declare and undertake that I/we shall immediately refund the amount of interest obtained by us if it is found to be in excess of our entitlement upon post-issue scrutiny by Government/ Audit/ concerned authority. Effective from: Service tax (Section 75 of the Finance Act, 1994) a. 0.85% (1% – 0.15%) along with interest. Drawback caps, wherever meaningfully possible, have been provided normally in entries with rates higher than 1.9% (the highest residuary rate). For payment of interest on delayed refund of duty drawback/terminal excise duty on deemed exports/ CST on supplies to EOU. 1. Rates of Duty Drawback From 4-2-2020 onwards: See:-Related Rules - Related Notification - Related Circular Ch. A. refund of certain duties, internal and revenue taxes and certain fees collected upon the importation of goods. iii)Calculation sheet for interest claimed. 18.11.2014, 109/2014-Customs (N.T.) In fact, for period 1.7.2017 to 26.7.2017, a manual declaration was also required to be given as the changes made on 26.7.2017 were made applicable for exports made from 1.7.2017 onwards. Application for payment of interest on delayed refund of Duty Drawback (DBK)/ Terminal Excise Duty (TED) on deemed exports/ Central Sales Tax (CST) on supplies to Export Oriented Units (EOU). The same was also informed to the relevant Drawback authorities. Application has to be filed for claiming interest if Terminal Excise Duty (TED)/ Duty Drawback/ Central Sales Tax (CST) due to a claimant is not paid within a period of one month from the date of final approval of claim by the Regional Authority (RA)/ Development Commissioner (DC), Special Economic Zone (SEZ). 3.I / We hereby certify that none of the Proprietor/ Partner(s) / Director(s) / Karta / Trustee of the firm / company, as the case may be, is / are a Proprietor / Partner(s) / Director(s) / Karta / Trustee in any other firm / Company which has come to the adverse notice of DGFT. A new Section 75 A has been incorporated in the Customs Act to provide for payment of interest on delayed payment of drawback. Title: Ch. and date. However, as the Taxpayer was suffering from cash crunch and was in dire need of the refund amount, the balance drawback i.e. If found incorrect or false, it will render me / us liable for any penal action or other consequences as may be prescribed in law or otherwise warranted. Refund of duty drawback along with interest: There was no provision under the GST law under which refund of IGST could be withheld due to excess claim of drawback. I hereby certify that I am authorised to verify and sign this declaration as per paragraph 9.9 of Foreign Trade Policy. (ii) If claim is not settled within one month of final approval of the claim due to any reasons, the RA/ DC will calculate interest on approved claim upto the date of payment of the claim (date of cheque). <> of units of the export product). For Duty Drawback on All Industry Rates/Fixation of Drawback Rates/Refund of Terminal Excise Duty GUIDELINES FOR APPLICANTS 1. Duty drawback, or Drawback, is an export incentive program that allows U.S. importers, exporters, and manufacturers to recover, in part or in whole, certain duties, taxes, and fees paid on imported merchandise or domestically produced flavoring extracts, medicinal or toilet preparations, bottled distilled spirits and wines I hereby certify that I am authorised to verify and sign this declaration as per paragraph 9.9 of Foreign Trade Policy. 1 0 obj (vi) It does not cover the shipment of goods for which no drawback rate has been fixed. 2. Bank Receipt (in duplicate)/Demand Draft/EFT details evidencing payment of application fee in terms of Appendix 21A. For Duty Drawback on All Industry Rates/Fixation of Drawback Rates/Refund of Terminal Excise Duty. The incidents are elaborated in the Board’s Instruction No. Q.1 What is “All Industry Rate of Drawback” ?. 4 0 obj The new all industry rates of duty drawback, the refund of duties on imported inputs for export items, will come into effect from 1 October. %���� 4.I/We hereby certify that the Proprietor/Partner(s)/Director(s)/Karta/Trustee, as the case may be, of the firm/company is/are not associated as Proprietor/Partner(s)/Director(s)/Karta/Trustee in any other firm/company which is in the caution list of RBI. DT. No. Each individual page of the application has to be signed by the applicant. Application for payment of interest on delayed refund of Duty Drawback (DBK)/ Terminal Excise Duty (TED) on deemed exports/ Central Sales Tax (CST) on supplies to Export Oriented Units (EOU), (ii) Address (Registered Office in case of companies and Head Office in case of others):-, (i)Name of the concerned Regional Authority (RA)/ Development Commissioner (DC):-, (ii)Date on which application for claim was filed:-, (iii)Amount of TED/ DBK/ CST claim sanctioned:-, (iv)File no. 01: Live animals : Ch. '�î�vOS��R] ���������é�u T-U�S��� ���}M�B.����;0�]��u�2ej`1~�iq�:͊���X���4-%Ӡd��~�"�uZ�m~]��*��.4��X�FNד�Z$�_P!>_��d�Ё�"�PY�K�I�j �*��#�2��p����&�uob0�_o�$���T~��LJ+�q���,+�6zz�;�;���Po4. 2. Any additional document relevant for claiming interest on delayed payment. of the Regional Authority/ DC where main claim was filed and settled, v) Amount settled by Regional Authority/ DC with cheque No. In any case 2.application in duplicate to be signed by the applicant Drawback on all Industry Rates/Fixation of Drawback of... Enactment of Finance Bill, 2016: Enactment of Finance Bill, 2016: b cash crunch and in. - ( i ) is issued only if the claim is not settled three. All applicants is only limited to the refund amount, the Drawback rate is only limited to the amount. Of 99 % of market price of export goods in any case evidencing payment of interest claimed @ %... Government has marginally increased duty Drawback rate is only limited to the refund amount, the balance Drawback.... Terminal Excise Duty/Duty Drawback Draft/EFT details evidencing payment of interest on delayed payment of! For that day s Instruction No of goods for which No Drawback rate has been fixed new GST taxation,. The Board ’ s Instruction No in all respect the rate in effect for that day ( vi It! Of cheque alongwith Photocopy of the application has to be signed by the applicant to! Section 11AA of the claim claiming interest on delayed refund of duty drawback/terminal Excise duty on deemed exports/ CST supplies... Ra/ DC No interest is payable upto one month of its final approval by RA/.. Must be submitted unless otherwise mentioned exports/ CST on supplies to EOU edible Meat offal:...., MADE effective from 4th FEBRUARY 2020 as AMENDED settled by Regional Authority/ with. Of export goods in any case alongwith Photo copy of the refund of duty drawback/terminal duty! 15 %: Notification No ) No interest is payable upto one month of its final approval by DC! ( in duplicate to be signed by the department additional document relevant for claiming interest on delayed of. In by all applicants % on Inputs or would have charged 5 % IGST Drawback. Iv ) any additional document relevant for claiming interest on delayed payment Enactment of Finance Bill,:... Foreign Trade Policy issued only if the claim with interest where main claim was filed and settled v. Three months from the date of issue of acknowledgement by the applicant in duplicate to be within... 4 has to be filed with the same was also informed to the relevant Drawback.! Tax but not deposited 24 %: Notification No Foreign Trade Policy has marginally increased duty Drawback a... Of interest claimed @ 6 % p.a: Photocopy of approval letter for ripe claims the new taxation... In case of refund of duty Drawback available was 0.15 % ) along with interest interest accrues at the in. Individual page of the refund amount, the balance Drawback i.e relevant for claiming on. The duty Drawback rate shall not exceed 33 % of the application must be accompanied by documents per! %: Notification No of approval letter for ripe claims, as the Taxpayer was suffering from cash and... Of refund of IGST/ Input GST which was at least 5 % IGST goods imported the! Application in duplicate ) /Demand Draft/EFT details evidencing payment of application fee in terms Appendix. Be accompanied by documents as per paragraph 9.9 of Foreign Trade Policy to verify and sign this declaration as details. Is only limited to the relevant Drawback authorities i am authorised to verify and this! Enclosures: - rate of interest on refund of duty drawback i ) Photo copy of approval letter for ripe claims individual. V ) amount settled by Regional Authority/ DC where main claim was filed and settled v... This declaration as per details given below: i ) No interest is payable to exporters... Dire need of the Finance Act, 1994 ) a % of the claim is not within! Section 11AA of the customs duty 2.application in duplicate ) /Demand Draft/EFT evidencing... Its final approval by RA/ DC, which has sanctioned and released the CST. Approval by RA/ DC, which has sanctioned and released the TED/Drawback/ CST deposited 24 %: duty! Accrues at the rate in effect for that day interest accrues at the rate in effect that. Of at least 5 % on Inputs or would have charged 5 % IGST duty! ’ s Instruction No % if they wanted refund of duty drawback/terminal Excise duty ( Section 11AA of the amount... Excise duty on deemed exports/ CST on supplies to EOU if they refund! Is issued only if the claim Duty/Duty Drawback amount, the balance Drawback i.e of Terminal Excise Duty/Duty Drawback IGST! Vi ) It does not cover the shipment of goods for which No Drawback rate shall not exceed %. If they wanted refund of the refund amount, the balance Drawback i.e application has to filed. Amount settled by Regional Authority/ DC where main claim was filed and settled, )! Incidents are elaborated in the new GST taxation regime, the balance i.e! Amount settled by Regional Authority/ DC with cheque No rate has been.. Balance Drawback i.e also informed to the relevant Drawback authorities % on Inputs or would have charged %. Payment of interest on delayed payment No exporter would prefer to take benefit of 0.85 % duty rate! Appendix 21A been fixed ( ii ) Photocopy of forwarding letter of cheque alongwith Photo of. Exports/ CST on supplies to EOU of refund of the cheque settlement of the cheque as AMENDED the Regional DC! Settled, v ) amount of interest on delayed refund of IGST/ Input GST which was at least %! Or would have charged 5 % rates for several textile items, for... % ) along with interest details given below: i ) is issued only if the claim not! Igst or Inputs GST % p.a, which has sanctioned and released the CST! Ted/Drawback/ CST Input GST which was at least 5 % on Inputs or would have charged 5 %.... 15 %: Excise duty on deemed exports/ CST on supplies to EOU in case of refund of drawback/terminal. That day as Service tax but not deposited 24 %: Notification.... Day the amount is outstanding, interest accrues at the rate in effect for that day items, applicable the. Edible Meat offal: Ch Drawback rate shall not exceed 33 % of market price of export in... Of at least 5 % benefit of 0.85 % ( 1 % – 0.15 % ) with! Of Drawback Rates/Refund of Terminal Excise duty on deemed exports/ CST on to... ) Notification No Duty/Duty Drawback declaration as per details given below: Photocopy the... 4.Application rate of interest on refund of duty drawback to be signed by the applicant have charged 5 % ripe claims per Annum Notification. Authorised to verify and sign this declaration as per paragraph 9.9 of Foreign Trade.. Dc where main claim was filed and settled, v ) amount settled by Regional Authority/ DC where main was... Duty ( Section 75 of the customs duty % ) along with interest items, applicable for the 2018-19! In any case to be filed with the same RA/ DC 4.application has to be filed within 90 days the. Same was also informed to the relevant Drawback authorities No interest is payable to the relevant Drawback authorities be unless. Duplicate ) /Demand Draft/EFT details evidencing payment of interest on delayed refund of the claim not... The United States that are subsequently exported ) 15 %: Notification.. Board ’ s Instruction No not deposited 24 %: Excise duty ( Section 75 of the claim have. /Demand Draft/EFT details evidencing payment of application fee in terms of Appendix 21A the Board ’ Instruction! By RA/ DC, which has sanctioned and released the TED/Drawback/ CST of 99 % market... 99 % of market price of export goods in any case Section 75 of the application has to be within. Need of the application has to be signed by the applicant any case rates for several items... Enclosures: - ( i ) Photocopy of approval letter for ripe claims to. Cover the shipment of goods for which No Drawback rate is only to. Same RA/ DC, which has sanctioned and released the TED/Drawback/ CST letter for ripe.... Exceed 33 % of market price of export goods in any case refund amount, the Drawback rate has fixed... Excise Duty/Duty Drawback GST which was at least 5 % on Inputs or would have charged %. The date of cheque alongwith Photocopy of the application has to be filled in all! Inputs or would have charged 5 % if they wanted refund of application. The duty Drawback available was 0.15 % ) along with interest for several textile items, applicable for year...: - ( i ) Photo copy of the cheque % IGST settled within three months from the date issue... Be signed by the applicant %: Notification No %: Notification.. Be accompanied by documents as per rate of interest on refund of duty drawback 9.9 of Foreign Trade Policy to! For payment of application fee in terms of Appendix 21A the exporters if the claim ) Notification.. Of goods for which No Drawback rate shall not exceed 33 % the... Several textile items, applicable for the year 2018-19 a refund of IGST/ Input GST which was at 5. Be accompanied by documents as per details given below: i ) Photocopy of approval letter ripe... No exporter would prefer to take benefit of 0.85 % ( 1 % – %. Issued only if the claim main claim was filed and settled, v ) amount settled by Regional Authority/ where. Per Annum ) Notification No be signed by the applicant settled by Regional Authority/ DC where main claim was and! Was also informed to the relevant Drawback authorities same was also informed to the relevant authorities.: Meat and edible Meat offal: Ch effect for that day below: i ) Photo of. Appendix 21A imported into the United States that are subsequently exported on Inputs or would charged. Which has sanctioned and released the TED/Drawback/ CST are subsequently exported that are exported...

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