DUTY DRAWBACK OF CUSTOMS/ CENTRAL EXCISE DUTIES/ SERVICE TAX
DEFINITION
The Duty drawback seeks to rebate duty or tax that was charged on any imported, excisable materials & input services that were used in the manufacture of export goods. The duties & Tax neutralized under the scheme are the customs & union excise duties in respect of inputs. The service tax in respect of input services. The DD is of two types 1.
- All industry rate
- The brand rate drawback which is in relation to any goods manufactured in India and exported. This is the rebate of duty excluding integrated tax leviable under sub section (7) & compensation cess leviable under subsection (9), respectively of Section 3 of the customs tariff act, 1975 (51 of 1975), chargeable on any imported materials/or any excisable materials used in the manufacture of such goods
- Excisable material means any material produced or manufactured in India to a duty of excise under the central excise Act, 1944 (1 of 1944)
- Tax Invoice means the Tax invoice referred to in section 31 of the central goods & services tax act, 2017 (12 of 2017)