Duty drawback under Customs Act an indepth introduction for CA Final, CS Professional and CMA Final studetns

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Duty drawback u/s 74 is allowed where the same goods are re-exported after imporation therefore. Duty drawback can be claimed upto 98% of import duty paid including GST. Duty drawback u/s 75 is allowed where imported inputs are used for manufacture of final products in India and is ultimately exported. Drawback u/s 75 is allowed on all industry rates basis.