75-78, Level 4, A-Wing, KK Market, Dhankawadi, Pune-411043.
Duty Remission Scheme
Duty Remission scheme
Interlink Capital provides Duty Remission Scheme Service. The service includes (export replenishment/ remission of duty) which means removal of tax on inputs used in the export product.
Duty remission scheme consists of:
(a) DFRC Scheme (Duty-Free Replenishment Certificate) and
(b) DEPB (Duty Entitlement Passbook Scheme).
DFRC permits duty-free replenishment of inputs used in the export product. DEPB (licence) allows a drawback of import charges on inputs used in the export product.
How we help you for Duty Free Import / Export:
Interlink Capital helps you in identifying the best scheme suitable for your organisation and guides you with required documentation to get advance licence to be issued for Duty-free ( tax-free ) import . Advance Licence can be issued for Physical Export, Intermediate Supplies and Deemed Export. Duty Remission Scheme like Duty Drawback enables exporter to get remission of the duties on inputs used in exported goods. Under the Duty Drawback, there are two ways by which the duty remission can be obtained.
All Industry Rate of Duty Drawback: Under this scheme, fixed percentage of FOB value of exports is remitted to the exporter.
Brand Rate of Duty Drawback:Under this scheme exporter is required to submit actual consumption, actual duty suffered and basic documents in support of the claim.
The Duty Exemption or Duty Remission Schemes used in combination and the exporter must choose the scheme which is more beneficial to them.
We have in-house expert team to assist our clients in:
Identifying more beneficial scheme to exporter.
Guiding w.r.t. documentation and procedural requirement related to scheme.
Assistance in compliances with DGFT / Central Excise /Customs Department
Liquidating the benefits under the scheme.
We also come with unique blend of service in which we undertake the compliances and documentation by the deputing expert team at clients and deploying our software tool which assists the clients in availing more beneficial scheme and the combination of manpower and system also helps clients to handle voluminous information at ease.