Drawback under Section 74 of Custom Act 1962

This section  74 of customs act allows the drawback to importer/s who  Re-export either full or partial consignment to the foreign suppliers due to either conditional import or technically unsuitable raw material is received and consignment is cleared through payment of duties, so that the importers could lose their finances.
The amount of drawback is decided on the period of products retained by the importer.

The maximum refund is 95% of duties paid if the  Re-Export  is made within 3 months and minimum is 60% of duties paid if Re- Export is made uptill 18 months of Import.

Testimonials

Dear Mr. Santosh Rane
Greetings from Fronius India!
We are glad to inform you that we have successfully concluded the Year 2016 by achieving our Budget. When we look back, it brings in lot of smile & sense of Pride! J . I take this opportunity to thank you for all the smart work and dedication… Read more
Fronius India Private LimitedXX-XX-XXXX
Dear Mr. Mali,
This is to inform you that one shipment which landed in India today afternoon at 2.07 PM, got cleared from customs by your team at 5.50 PM.

We appreciate the efforts put in and great co-ordination by your import team – Mr. Sanjay/Mr. Shailendra/Ms Vrushali to clear the shipment with… Read more
Fronius India Pvt. Ltd.XX-XX-XXXX

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