Duty Drawback under the Customs Act, 1962 shall be allowed on the imported goods, where such imported goods are being used for a period of eight months before the same were re-exported @ __________

CS Executive · Tax Laws · PYQS · December 2019
Duty Drawback under the Customs Act, 1962 shall be allowed on the imported goods, where such imported goods are being used for a period of eight months before the same were re-exported @ __________
(A) 85%
(B) 70%
(C) 60%
(D) 40%

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Customs Law

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