The CBIC has issued a circular clarifying the conditions under which customs refund or drawback claims can be processed for duties paid through duty credit scrips, addressing industry concerns.
CBIC Issues Important Clarification on Drawback Refunds
The Central Board of Indirect Taxes and Customs (CBIC) has released a circular providing clarification on the eligibility for drawback or customs refund on duties paid using duty credit scrips. This action comes in response to representations from trade and industry that faced challenges in understanding the customs refund framework.
The circular aims to streamline the processes for businesses and ensure that they are better informed about how to navigate their customs obligations effectively. By doing so, the CBIC seeks to enhance compliance and enable smoother operations for stakeholders within the sector.
Practitioners are advised to review the updated guidelines to ensure their clients can maximize available refunds and remain compliant with the revised customs procedures.
Citations
- CBIC Circular (2026) No. 1448580
