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Duty Drawback Credit Scheme: As an export promotional measure, the Government of India have authorised the Reserve Bank of India to instruct the commercial banks (Authorised Dealers in Foreign Exchange) to grant interest-free credit to the exporters. The credit is given against their Duty Drawback entitlements pending scrutiny, sanction and payment by the Custom House. Such interest-free credit is being made available to exporters in India. for a period of 90 days. However, the scheme is applicable only for export of such products for which Drawback rates have already been determined either on all-industry rate basis or on brand-rate basis.
Drawback on export by post : Where goods are to be exported by post under a claim of drawback, the outer surface of the packing must be marked as 'DKAWBACKEXPORT' In such cases, the exporters will submit to the Postal Authorities a Drawback Claim Form instead of a shipping bill giving details regarding drawback schedule number, product description, drawback rate and amount.
Customs Clearance Stages: There are four stages of customs involvement. These are: 1) Processing of documents at the Customs House i.e. the main office. This stage involves:
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Risk as an Exporter : you may draw your export bills either in rupees or in foreign currencies. If you have drawn your export bills in Indian currency i.e., rupees, you will not
wholesaling strategy
Registration-cum-Membership Certificate: Any person, applying for a licence to import or export or for any other benefit or concession under this policy shall be required to finis
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DUTY DRAWBACK SCHEME: The scheme of Duty Drawback is governed by the 'Customs and Central Excise Duties Drawback Rules' compiled and notified by 'Drawback Directorate' of the Depa
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