Brand Rate Fixation (Custom Act Section 75)
October 16, 2024
Brand Rate Fixation (Custom Act Section 75)
When the manufacturer import the Raw material, Components & packing material after paying the Basic Custom Duty (BCD) & Social Welfare Surcharge (SWS) and utilizing the same for the manufacturing of export products in that case said manufacturer can claim the refund of BCD & SWS under brand rate scheme.
Types of Brand Rate Claims
- Where All Industry Rate (A I R) of Drawback is not determined in respect of Exported Product.
- Where the All Industry Rate (A I R) determined is below 80% of the claimed rate.
Who can claim the Brand Rate
- A Manufacturer Exporters who import of raw material /Component / Packing Material by payment of full duty and export finished product using imported raw material can claim the brand rate refund.
- A Manufacturer Exporter who purchase custom duty paid raw material /Component / Packing Material from Importer and after manufacturing finished product export it under Brand Rate Scheme can claim the brand rate drawback refund on the basis of Disclaimer Certificate receive from raw material Importer.
