When is duty drawback prohibited under the Customs Act, 1962 ?
CS Professional · Advanced Tax Laws and Practice · PYQS · December 2015
When is duty drawback prohibited under the Customs Act, 1962 ?
Answer & Explanation:
Duty Drawback is prohibited under the Customs Act when: the drawback due on any goods is less than ₹50. the market price of the goods is less than the amount of duty drawback due thereon. the exported goods are likely to be smuggled back to India.
Topics: Customs Law
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