IGNOU : M.COM : IBO 4 : UNIT 5 : Q - 5. Describe the formalities for claiming duty Drawback.

 

Ans. Duty Drawback

For claiming Duty Drawback, the exporter's agent will file the customs attested copy of the Drawback Shipping Bill, along with the following documents, with the Drawback Department of the Customs House.

i) Drawback Claim proforma (prescribed application form in five copies)

 ii) Bank or Customs Certified copy of Commercial Invoice

 iii) non-negotiable copy of Bill of Lading

iv)  Any other specifically prescribed document.

After finding the claim to be correct, the Drawback Department will dispatch the cheque of the claim amount to the exporter. Alternatively, if the exporter so desires, this amount will be sent to the exporter's bank for being credited to his account with intimation to the exporter.