Duty Drawback under section 75 of Customs
Act scheme provides refund of duties (Customs & Central Excise) paid on
Raw Material & Inputs that have gone in production of goods for exports.
Deemed Exports provision under FTP also provides drawback for deemed export
purposes. They are given on the following basis:
All Industry Rate: Government has published drawback rates for several
products which are regularly exported through a drawback schedule. Exporters
of these products can get the drawback at the prescribed rates for the
customs of port of export.
Brand Rate: In case however the export product is not covered under the
schedule, the exporter can file for drawback under brand rate of fixation to
recover the duties actually suffered in the process.
Special Brand rates: Can be fixed in case the All Industry rates are
available but is less than 4/5th of the actual duties suffered.