Limitations on admissibility of Duty Drawback

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..... Rs.50/- (Section 76,ibid.), (ii) In respect of any goods the market price is less than the amount of drawback due thereon (Section 76 ibid.), (iii) Where value of export goods is less than the value of imported material used in their manufacture. In this regard, if necessary, certain minimum value addition over the value of imported materials can also be prescribed by the Government (Se .....

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..... procedure laid down in the Drawback Rules, 2017. An exception is made where non-realization of sale proceeds is compensated by the Export Credit Guarantee Corporation of India Ltd. under an insurance cover and the Reserve Bank of India writes off the requirement of realization of sale proceeds on merits and the exporter produces a certificate from the concerned Foreign Mission of India about the f .....

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