No Duty drawback on re-export of goods after 18 months

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..... No Duty drawback on re-export of goods after 18 months
News and Press Release
Dated:- 12-3-2008

There is a major change in the policy of the Central Government to allow duty drawback on re-export of goods on which duty of customs has been paid. Earlier, the importer was allowed to re-export the goods within 36 months to claim duty drawback but after amendment, no duty drawback is a .....

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..... llowed if the goods re-exported after use of 18 months. A comparative List of rate of duty drawback before amendment and after amendment is given hereunder: Notification No. 019/1965-Cus dated -06-02-1965 (As amended) Sl.No. Length of period between the date of clearance for home consumption and the date when the goods are placed under Customs control for export. Percentage of import duty t .....

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..... o be paid as Drawback Before Amendment vide notification no. 23/2008 Cus dated 1/3/2008 Percentage of import duty to be paid as Drawback After Amendment vide notification no. 23/2008 Cus dated 1/3/2008 (1) (2) (3) (3) 1. Not more than three months 95% 95% 2. More than three months but not more than six months 85% 85% 3. More than six months but not more than nine months 75% 75% 4 .....

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..... . More than nine months but not more than twelve months 70% 70% 5. More than twelve months but not more than fifteen months 65% 65% 6. More than fifteen months but not more than eighteen months 60% 60% 7. More than eighteen months but not more than twenty-one months 55% NIL 8. More than twenty-one months but not more than twenty-four months 50% NIL 9. More than twenty-four mon .....

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..... ths but not more than twenty-seven months 45% NIL 10. More than twenty-seven months but not more than thirty months 40% NIL 11. More than thirty months but not more than thirty- three months 35% NIL 12. More than thirty-three months but not more than thirty-six months
News - Press release - PIB .....

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