DRAWBACK AND SCHEME EXPORT

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..... what is drawback export and scheme export????? - Reply By PAWAN KUMAR - The Reply = As per my view, the drawback export is the export of your product on which you claim any duty drawback which government allow on some products at the rate fixed by them. However in scheme export, you have to mention the scheme name while filing shipping bills for export in customs. - Reply By Pradeep Khatri - Th .....

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..... e Reply = Dear Ranjit, Duty Drawback is of three kinds, namely:- Export under Section 74 of the Customs Act, 1962 (Export of inputs etc. as such) Export under Section 75 of the Customs Act, 1962 (Export of finished goods in which imported inputs/components/raw material is used on which import customs duty was paid). Export under All Industry Rate (In this drawback of duty r .....

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..... ates is fixed by the Government). Scheme Exports are as under:- Export under Advance License scheme Export under EPCG Scheme Focus Market Scheme Served from India Scheme (Service export) DFIA scheme Focus Product Scheme. To avail the benefit of above schemes, there is a requirement to mention about these scheme on the Shipping Bills prior to exporting out of India. .....

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..... Regards Team YAGAY and SUN (Management and Indirect Tax Consultants) - Reply By Naveed S - The Reply = Yes, and one more export scheme namely Market Linked Focus Product Scheme (MLFPS). - DRAWBACK AND SCHEME EXPORT - Query Started By: - ranjit kunar Dated:- 16-7-2014 Customs - Import - Export - Customs - SEZ - Got 3 Replies - Customs - Discussion Forum - Knowledge Sharing, .....

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..... reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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