Search Results for Tag : Duty Drawback

Notifications & Circulars

Amendments to the All Industry Rates of Duty Drawback effective from 15.07.2020(15.07.2020)

1. Government has made certain amendments in the All Industry Rates (AIRs) of Duty Drawback vide Notification No. 56/2020-Customs (N.T.) dated 13.07.2.....

Tags : Amendments, Industry Rates, Duty Drawback

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Instructions for time bound processing of Duty Drawback claims(16.12.2020)

1.The undersigned is directed to state that to reduce the pendency and improve the rate of disposal of duty drawback claims, various timelines relatin.....

Tags : Instructions, Processing, Duty Drawback claims

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Implementation of RMS for processing of duty drawback claims(15.07.2021)

1. Risk Management System (RMS) in export was introduced with effect from 15.7.2013. In this regard, Board's Circular No. 23/2013-Customs dated 24.06......

Tags : Implementation, RMS, Duty drawback claims

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Revision of All Industry Rates (AIRs) of Duty Drawback(26.10.2023)

1. Government has notified the revised All Industry Rates (AIRs) of Duty Drawback, vide Notification No. 77/2023-Customs (N.T.) dated 20th October, 20.....

Tags : Revision, AIRs, Duty Drawback

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News

ITAT: Export Entitlements And Duty Drawback of Promotion Scheme is Assessable Income(14.06.2022)

Income Tax Appellate Tribunal (ITAT), Vishakhapatnam Bench has held that export entitlements and duty drawback of promotion scheme is income assessabl.....

Tags : ITAT, Export Entitlements, Duty drawbacks

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SC: Can’t Claim Deduction U/S 80IB IT Act on Amount Received from DEPB and Duty Drawback Claims(13.04.2023)

Supreme Court has held that profit from Duty Entitlement Pass Book Scheme (DEPB) and the Duty Drawback claims cannot be said to be an income “derived .....

Tags : Supreme Court, Duty Entitlement Pass Book Scheme, Duty Drawback, Deduction

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Supreme Court: Delay in Return of The ‘Duty Drawback’ Entitles Claimant to Interest(07.02.2024)

Supreme Court has observed that if there is any delay in refund of the 'duty drawback' to the claimant under the Customs Act, 1962 , then the claimant.....

Tags : Supreme Court, Duty Drawback, Customs Act, 1962

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Judgments

There cannot be a static parameter for correct classification, due importance be given to the functional utility, design, shape and predominant usage(16.08.2023)

The Petitioner has instituted present writ petition under Article 226 of the Constitution of India through its Partner praying for quashing and settin.....

Tags : Products, Classification, Duty drawback

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