Duty Drawback under section 74 of the Customs Act, 1962 is admissible where the imported goods are not put to use after its import at the rate of __________.

CS Executive · Tax Laws · PYQS · December 2020
Duty Drawback under section 74 of the Customs Act, 1962 is admissible where the imported goods are not put to use after its import at the rate of __________.
(A) 85%
(B) 90%
(C) 95%
(D) 98%

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Customs Act

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