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.
Learner's Ratings
4.8
Overall Rating
87%
9%
4%
0%
0%
Reviews
J
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.
R
Rudra S
5
Excellent Tutor Kunal Sir has a lot of knowledge about the topic
A
AKASH KIRAN GURAV
5
Detailed course 👍🏻
D
dsfdsfsdf
5
??
T
Toibur rahman
4
great content. make new updated course please
K
Ketan Santosh Sawant
5
Thank you so much LearnVern....😀And Specially kunal Sir
"This course offers knowledge that is not freely available on any platform. The entire course has been taught step by step, providing a comprehensive understanding."
C
chauhan vijay
5
What a course..... thank u so much for this opportunity...
R
Raj kalariya
5
The course content is excellent, attractive, and understandable. If there is a detailed PDF of the course content, then it will be very helpful for viewers to revise the content.
A
Abhishek Bharti
5
The course offers comprehensive content on the export-import process, including documentation, regulations, and logistics. The instructor is experienced, sharing practical insights alongside theory. Hands-on assignments add value, though more real-world projects could enhance learning. The certification is well-recognized, adding credibility to a resume. While resources and flexibility are strong, student support could be faster. Overall, it provides excellent value for those seeking to advance in international trade.
P
prabhat sharma
5
how many companies of import and export are hiring ? please provide the list and is it possible to start it without office as an individual ?
Share a personalized message with your friends.