{"id":4701,"date":"2023-01-17T08:37:02","date_gmt":"2023-01-17T03:07:02","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=4701"},"modified":"2025-03-27T01:55:11","modified_gmt":"2025-03-26T20:25:11","slug":"what-is-duty-drawback-scheme-dds","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/what-is-duty-drawback-scheme-dds\/","title":{"rendered":"What is Duty Drawback Scheme (DDS)?"},"content":{"rendered":"<h2><strong>Why in news?<\/strong><\/h2>\n<ul>\n<li>Over 100 such exporters mainly in apparel, drugs, and leather have been \u201cillegally\u201d drawing benefits from two routes.\u00a0<\/li>\n<\/ul>\n<h3><strong>What is the Duty drawback scheme?<\/strong><\/h3>\n<ul>\n<li>Under this scheme, exporters are provided with a refund of <strong>customs duty<\/strong> paid on unused <strong>imported goods<\/strong>, or goods that will be treated, processed or incorporated into other goods for export.<\/li>\n<li>Claims must be lodged within 4 years from the date the goods were exported.<\/li>\n<li>Duty drawback can be only claimed for compensating unrebated taxes and duties, not for GST<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<hr \/>\n<h3>Q1) What is Goods and services tax (GST)?<\/h3>\n<p>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. <strong>Source:\u00a0<\/strong><\/p>\n<p><strong>Source:\u00a0<\/strong><u>Apparel, drugs, and leather exporters are under scanner for tax scheme misuse.<\/u><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under Duty Drawback scheme, exporters are provided with a refund of customs duty paid on unused imported goods.<\/p>\n","protected":false},"author":5,"featured_media":4702,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-4701","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/4701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=4701"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/4701\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/4702"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=4701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=4701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=4701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}