Why in news?
- Over 100 such exporters mainly in apparel, drugs, and leather have been “illegally” drawing benefits from two routes.
What is the Duty drawback scheme?
- Under this scheme, exporters are provided with a refund of customs duty paid on unused imported goods, or goods that will be treated, processed or incorporated into other goods for export.
- Claims must be lodged within 4 years from the date the goods were exported.
- Duty drawback can be only claimed for compensating unrebated taxes and duties, not for GST
Q1) What is Goods and services tax (GST)?
It is an indirect tax that was implemented to replace a variety of previous indirect taxes, including the value-added tax, service tax, purchase tax, excise duty, and others. Source:
Source: Apparel, drugs, and leather exporters are under scanner for tax scheme misuse.
Last updated on July, 2025
→ UPSC Notification 2025 was released on 22nd January 2025.
→ UPSC Prelims Result 2025 is out now for the CSE held on 25 May 2025.
→ UPSC Prelims Question Paper 2025 and Unofficial Prelims Answer Key 2025 are available now.
→ UPSC Calendar 2026 is released on 15th May, 2025.
→ The UPSC Vacancy 2025 were released 1129, out of which 979 were for UPSC CSE and remaining 150 are for UPSC IFoS.
→ UPSC Mains 2025 will be conducted on 22nd August 2025.
→ UPSC Prelims 2026 will be conducted on 24th May, 2026 & UPSC Mains 2026 will be conducted on 21st August 2026.
→ The UPSC Selection Process is of 3 stages-Prelims, Mains and Interview.
→ UPSC Result 2024 is released with latest UPSC Marksheet 2024. Check Now!
→ UPSC Toppers List 2024 is released now. Shakti Dubey is UPSC AIR 1 2024 Topper.
→ Also check Best IAS Coaching in Delhi
