NOTIFICATIONS

S.No. Notification No. Subject
1. Notification No.72/2017-Custom dt 16/08/2017 Seeks to supersede Notification No. 27/2002- Customs dated 1st March, 2002 and to provide exemption to temporary import of goods from Customs duty leviable under First Schedule to the Customs Tariff Act, 1975 and from the whole of the integrated tax leviable under sub-section (7) of section 3 of the Customs Tariff Act, 1975 subject to specified conditions.

CIRCULARS

S.No. Circular No. Subject
1. Circular No.21/2017-Custom dt 30/06/2017 Drawback of Integrated Tax and Compensation Cess paid on imported goods upon re-export under Section 74 of the Customs Act, 1962

COMMUNITY INSIGHTS

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Duty Drawback- A Detailed Analysis

Duty drawback simply means the duties which have been paid at the time of import are being paid back by the Government. In other words, the import of goods from outside India are chargeable to customs duty. However, in certain situations, the customs duty paid on the import of goods are refunded to the importers in the form of duty drawbacks under customs. In this article we are going to discuss in detail about the concept of duty drawback ............. Read More

 30.08.2024