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
5
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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Captain Marvel
5
Kunal Dugad Sir ! You nice learn to Import And Export for Free Of Cost - Thanks Kunal Dugad Sir and Learvern Team !
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Mr Asad
5
our first question is Blance of trade?
its means when you start your international trde to another country so you have a conttact a banl of finance instituions for money to devlope a products this is
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Mahant Burman
5
Its Very Important For a Person who is Doing a Professional Course Have a depth knowledge and real world experience a part of book's knowledge.
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sanjiv chouhan
5
sir saste mai buyer ka data kaise uper kre,iska koi solution hai to plz btaiye
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Raj chauhan
5
what a way of teaching, love this course, THANK YOU SO MUCH SIR FOR MAKING SUCH A GREAT COURCES.
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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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