Inputs refer to imports on which customs and duties

[likhon450@]

have been paid. At the time of exportation, the government requires a drawback payment per unit of the finished product, at a rate determined by the government (which varies depending on the type of good being exported). This percentage is determined by the verifiability of the production process, input materials, tax paid, and quality control measures utilised. If the exporter does not receive payment for their finished goods within the allotted time, or if the value of their exports is less than the value of their imports, then the government may not grant them a duty drawback.


What are the types of Duty Drawbacks? Direct identification manufacturing: Imported material might be used in direct identification manufacturing of exported products to recover import duty. Bicycles may require imported japan telegram phone number list machinery and parts. The Duty Drawback Scheme recovers taxes on bicycle-making machinery. Substitution manufacturing: It is claiming a duty drawback on exported items made with imported inputs of the same grade. A factory imports 1,000 motors and pays customs. It also features 500 imported-quality motors.


1,500 motors in stock. Few are used in manufacturing. The exporter can claim duty refunds on all imported motors, regardless of use. Unused merchandise direct identification manufacturing: If imported material is exported without manufacturing, import duty can be refunded. Recording import duty allows drawbacks. One company exported imported embedded plastic bangles. They paid import duties. Even if it exports identical plastic bangles, the company can claim a duty discount. Unused merchandise substitution manufacturing: Unused material traded for other imported duty-paid material can be exported to claim import duty overpayment.