Drawback of Integrated Tax and Compensation Cess paid on imported goods upon re-export under Section 74 of the Customs Act, 1962

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..... awback of Integrated Tax and Compensation Cess paid on imported goods upon re-export under Section 74 of the Customs Act, 1962. Attention of the Trade is invited to Board's Circular No. 21/2017- customs issued vide F. No. 609/54/2017-DBK dated 30.06.2017. 2. As you are aware, Section 74 of the Customs Act, 1962 provides for drawback of duties paid at time of importation when the importe .....

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..... 4. In this regard, the definition of drawback under Rule 2 (a) of the Re-export Rules, 1995 has been suitably amended to include refund of duty or tax or cess as referred in the CTA, 1975. Notification No. 57/2017-Customs (N.T.) dated 29.6.2017 may be referred in this regard. 5. In order to prevent dual benefit while sanctioning drawback under Section 74 of the Customs Act, 1962, it may be .....

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