Calculate the amount of duty drawback allowable under the Customs Act, 1962 in the following independent cases: Meenakshi imported a music player from Dubai and paid ₹12,000 as import duty. She used it for four months an

As per section 74 of the Customs Act, 1962, in respect of a motor car or goods imported by a person for his personal and private use, drawback of duty = Import duty paid in respect of such motor car or goods as reduced by 4%, 3%, 2.5% and 2% for use for each quarter or part there of duty the period of first year, second year, third year and fourth year respectively. Since goods have been used for 4 months i.e. 2 quarters, hence, Meenakshi can claim duty drawback = 100% - 4% x 2 quarters = 92% of ₹12,000 = ₹11,040. It is assumed that all other conditions are fulfilled.