This apart, there are powers to the Central Government conferred under this section to specify by way of rules as to how much is the percentage of a specific imported material in a particular exported product on which duty drawback is available. The quantity of drawback shouldn't be but Rs. The Philippine Bureau of Customs (BOC) has released guidelines on handling applications for duty drawback and refund for overpayment, abatement of duties and taxes, and other refunds under the Customs Modernization and Tariff Act (CMTA). 1. Drawback is the refund, reduction or waiver in whole or in part of customs duties assessed or collected upon importation of an article or materials which are subsequently exported. Scheme for All Industry Rate(AIR) of Duty Drawback: They are given on the following basis: to 200 km. Duty Drawback facilities on re-export of duty paid goods is also available in terms of Section 74 of Customs Act, 1962. 30 of 2014 Customs Duty Act, 2014 84. 19 of 1971, 29 of 1971, 7 of 1974, S.6., 45 of 1975, 25 of 1978, 12 of 1985 Sch., 4 of 1991, 35 of 1997, 16 of 2000, 3 of 2001, 25 of 2003, 14 of 2004, 16 of 2009. Act No. One is called drawback under Section 74 of the Customs Act, 62 which allows drawback of duty paid on goods originally imported on payment of duty and subsequently re-exported. Duty drawback provisions are given under section 74 and 75 of the Customs Act, 1962. Payment of duty, etc., short paid or erroneously refunded 17 A Hence they will have to be careful in resorting to Duty drawback. 2482. The Duty Drawback provisions are described under Section 74 and Section 75 under the Customs Act, 1962. Thus reducing the cost of production. Time limit on duty re-assessment 87. Hangers Re-export with Garments. There are two reasons for this. It would be very difficult for an exporter to calculate the amount of duty drawback related to each and every export consignment, so to Duty drawback under section 75 of the Customs Act 1962, can be claimed either as a fixed percentage depending upon the value of goods exported or it may be claimed on actual basis supported by detailed calculation. Under GST regime, Drawback under Section 75 shall be limited to Customs duties on imported inputs and Central Excise duty on items specified in Fourth Schedule to Central Excise Act 1944 (specified petroleum products, tobacco etc.) Category The Excise and Excise-equivalent Duties Table Order 2018 (the Order) was gazetted on Friday 14 September. Time limit on duty re-assessment 87. Duty drawback under Section 75 of Customs Act, 1962: 1. is allowed on imported materials used in the manufacture of export goods. The Duty Drawback provisions are described under Section 74 and Section 75 under the Customs Act, 1962. Duty re-assessment by customs authority 86. Director General to determine questions on classification and valuation 14. Drawback is generally paid by or taken from DEDO on the following export activities- 0 This Act laid down the various restrictions and conditions to claim drawback of duties under certain situations : This Certificate is the proof for claiming concessional tariffs under the agreement. Scheme for All Industry Rate(AIR) of Duty Drawback: Whereas section 75 allows drawback on imported goods used in the manufacture of export goods. EDD is collected by way of provisional assessment and depending upon the final order passed by the SVB (Special Valuation Branch which investigates the Invoicing) the deposit is either converted to Duty or refunded back to the assessee. 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