Duty drawback is a refund of excise or import duties paid on goods that are exported. Exporters can claim a partial or full refund on import duties paid on raw materials used for producing exported goods or on imported goods that are exported within a stipulated time period. Duty drawback aims to refund import duties paid to make exported goods more competitive in foreign markets.

1. DUTY DRAWBACK
(SECTIONS 74- 76)
Sundar B. N.
Assistant Professor

2. DUTY DRAWBACK
Duty Drawback is a refund of excise or import duty paid on
goods that are exported.
This refund can be in part or the full amount paid by the trader
against the import duty, which includes customs duty, sales
tax, and any other refundable fee levied.
Duty drawback can be claimed on import duty paid on raw
materials used for producing goods for export or on imported
goods which were exported within a stipulated time period.

18. Solution
 A) 4,50,000x98/100 = 4,41,000
 B) 12,000x85/100 =11,200
(if not used for personal use)
 C) No duty drawback is allowed since Market price of the
goods(Rs. 40,000) is less than the amount of duty drawback
(1000x60=Rs. 60,000)