Search Results for Tag : Duty Drawback
Top Story
CBIC initiates electronic disbursal of duty drawback amount directly to exporter’s bank accounts(05.06.2024)
Central Board of Indirect Taxes and Customs (CBIC) initiates electronic disbursal of duty drawback amount directly to exporter’s bank account in a tra.....
Tags : Electronic disbursal, Duty drawback, Launch
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
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
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
Delhi HC: If Export Proceeds Realized as Per FEMA, Exporter Entitled to Duty Drawback(17.10.2024)
Delhi High Court has observed that if export proceeds have been realized within the stipulated period as prescribed in FEMA, the exporter is entitled .....
Tags : Delhi High Court, FEMA, Duty Drawback
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
Notifications & Circulars
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
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
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
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