Duty Drawback- Urgent

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Sir, We are UP based company, earlier exporting apparels without vat and claiming duty drawback , post gst implementation we are going to export first time by the end of month September 2017 . My queries are 1 . We will be exporting graments with zero rated tax , have taken bond for the same purpose , can we claim duty drawback ? if yes will the rate of drawback remain same as earlier ? .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 2. Can we take input credit of GST paid on purchase of those garments ? Kindly revert ASAP. Regards Aarushi - Reply By KASTURI SETHI - The Reply = EIther drawback or ITC can be claimed. Both cannot be claimed, your supply of goods being zero rated. - Reply By Kishan Barai - The Reply = There are 2 Drawback Rates higher and lower. Lower i.e (after availment of Cenvat Credit ) could be sti .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ll claimed as per judgement passed by FIEO even after availment of ITC via Bond + BG on Exports. - Reply By Ramaswamy S - The Reply = Please refer to Drawback rules, 2017 issued last week. Both ITC and drawback cannot be claimed. DBK is allowed only if the products have imported contents. - Reply By Kishan Barai - The Reply = Respected Sir, Recently we did shipment of Candy Making Machine .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... to Lusaka Africa, in that we got both ITC as well as DBK lower rate. Both ITC DBK higher rate can't be claimed but lower is allowed if filed at the time of Shipping Bill , we got this information from FIEO its still in process. Thank You - Reply By Ramaswamy S - The Reply = There is no upper limit and lower limit under the new drawback rates wef 01.10.2017. Please check in cbec websi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... te about the new rates - Duty Drawback- Urgent - Query Started By: - Aarushi Raturi Dated:- 22-9-2017 Other Topics - Got 5 Replies - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X