The Scheme
- Document type
- Other
- Dated
- Category
- Duty Drawback Scheme
Recovery
Recovery of Drawback
Drawback Rule 16A provides for recovery of drawback where export sale proceeds
are not realized within the stipulated time i.e. 180 days from the date of
export and extension if any granted. Where a part of the sale proceeds is
realized, the recovery of drawback shall be of the amount equal to that portion
of the amount equal to that portion of the amount of drawback paid which bears
the same proportion as the portion of the sale proceeds not realized bears to
the total amount of sale proceeds.
If the exporter shows evidence of realisation of proceeds against which recovery
of drawback was made within one year from the date of such recovery, the amount
of drawback so recovered shall be repaid.