We have given a composite offer for the goods as well as the services, like in a works contract. When we export, can we claim duty drawback and Rodtep (Remission of Duties and Taxes on Exported Products) on the total payment that we get in foreign exchange?
No. Drawback and Rodtep will be available only against export of goods. At the time of export of goods, you must declare the value of the goods in the shipping bill. When you receive the payment from the foreign party, you must inform your bank the amount that represents the proceeds against export of goods and follow the usual process to generate the e-BRC. The amount that represents the payment for services will not earn any drawback or Rodtep for you.
Can we avail of advance authorisation, duty drawback and Rodtep on the same shipment?
This story is from the December 24, 2024 edition of Business Standard.
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This story is from the December 24, 2024 edition of Business Standard.
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