At the moment of export, any individual must be the legal owner of the goods. Customs duty on imported items must have been paid. Most products on which customs tax was paid on importation and which have been exported are eligible for duty drawback.
The Ministry of Finance created the Duty Drawback scheme as a duty refund on any imported or excisable materials used in the manufacture or processing of goods manufactured in India and exported. Exporting products generates revenue.
There are two sorts of duty drawbacks: I All Industry Rate (AIR) and (ii) Brand Rate. The All Industry Rate (AIR) is simply an average rate based on the average amount and value of inputs, as well as duties (both Excise and Customs) and Service Tax borne by them, for a certain export output.
The sum of the following amounts is the duty drawback: Imported input items are subject to customs duty. This includes the excise charge on indigenous input commodities known as Special Addition Duty (SAD).
Duty drawback, sometimes known as drawback, is a basic principle of international trade law and policy in which tariffs, taxes, and fees paid on imported goods are returned upon the exportation of eligible commodities.
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Jay Vyas
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This is just awesome course. I gained so much knowledge about Import-Export Business by learning this course.
LearnVern, you are doing an awesome job by teaching for free.
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Ajay Kumar
5
I have taken another courses on the subject but this is the best course I have gone through. Mr Duggal has explained in such a way that even a new learner can understand very well. Recommended.
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Subhadip Chakraborty
5
This course has helped me a lot to gain a good quality of knowledge that I can use in my future job opportunities.
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Subhadip Chakraborty
5
This course has helped me a lot to gain a good quality of knowledge that I can use in my future job opportunities.
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Subhadip Chakraborty
5
This course has helped me a lot to gain a good quality of knowledge that I can use in my future job opportunities.
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Subhadip Chakraborty
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This course has helped me a lot to gain good amount of knowledge that I can apply in my future opportunities.
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Fazlurrahman Khan
5
I am happy from this course I want pdf of lectures if will be available that would be very beneficial for Us
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Atul Marathe
5
Easy and simple way of teaching.
Thank you for taking this effort Kunal sir.
How i can connect with you as starting export business. I want you to become mentor for me
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Radha Rani Birla
5
Thank you so much. Kunal sir explanation is simple & precise. I could understand all the concepts well.
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Radha Rani Birla
5
Thank you so much. Kunal sir explanation is simple & precise. I could understand all the concepts well.
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