Duty Drawback is a type of refund (Neutralization of Duty Structure) of custom and excise duties paid on supplies or raw materials during export of goods.
Section 74 and 75 of the Customs Act, 1962 are the main source of provisions provided for Duty Drawback. While Section 74 provides provisions for Duty Drawback on re-export of duty paid goods, Section 75 allows drawback on imported goods used in the manufacturing of export goods.
We at Kireeti Consultants offer integrated solutions for Duty Drawback as a service if or whenever opted by the client.