Question 32:
we are used imported and indigenous raw material for
manufacturing of goods. we are selling goods within India and Out of India
(Export).
can we claim Drawback at the time of Export and as well as taking credit of IGST.
Answer:
The Central Government has notified the Customs and Central Excise Duties
Drawback Rules, 2017 (hereinafter referred to as Drawback Rules 2017) vide
Notification No. 88/2017-Customs (N.T.) dt 21.09.2017.
In these Rules Definition of Drawback has been amended to provide for drawback
of Customs and Central Excise duties excluding integrated tax leviable under
sub-section (7) and compensation cess leviable under sub-section (9)
respectively of section 3 of the Customs Tariff Act, 1975 chargeable on any
imported materials or excisable materials used in the manufacture of goods
exported;
Further The Central Government has also revised All Industry Rates (AIRs) of
Drawback vide Notification No. 89/2017-Customs (N.T.) dated 21.9.2017 which
comes into force on 1.10.2017. Now the Composite rates of Drawback are being
discontinued w.e.f. 1.10.2017 and only the custom duty is now being refunded in
drawback rate.
Thus you can take drawback of custom portion as per AIR rate as well as credit
on IGST paid (as per GST provisions) on imported material used for manufacture
of product exported. (reply dt. 05/08/2018)