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Odd decisions and the consequences

What caused the ministry to deny the drawback at AIR for deemed export in 2013? And, what has now happened in 2019 to restore the benefit with retrospective effect? The reasons are far from obvious

TNC Rajagopalan 

TNC Rajagopalan

The commerce ministry has restored the benefit of duty drawback at All Industry Rates (AIR) to deemed export, with retrospective effect from December 5, 2017. A welcome development but it raises some questions. Deemed export refers to supplies within India of goods made in India for specified purposes or to specified entities.

The objective is a level playing field for domestic manufacturers in specified cases. For example, an export oriented unit may import its requirements duty-free. A domestic manufacturer can compete with such duty-free imports if relieved of the tax/duty ...

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First Published: Sun, November 17 2019. 22:36 IST
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