What happens to export Drawback scheme after GST implementation in India?

What happens to export Drawback scheme after GST implementation in India?


One of the export incentives extended to exporters is Drawback on exports in India.


After implementation of GST in India, exporters are worried, whether any changes on rate of duty draw back and fixing of brand rate. According to GST Law impact on exporters, they are anxious on import duty amount presently waived off against any of a couple of exemption schemes, as whether exporters have to complete exports by receiving foreign exchange from overseas buyer.


The exporters eagerly waiting to see after GST implementation, whether basic customs duty reimbursement only is paid as duty draw back or full amount of GST paid at the time of import also is included in such rate schedule of Duty Drawback.

 

 

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