Duty Drawback

Duty Drawback is a monetary refund of duties on goods being imported under Customs Act scheme. Duty Drawback is a popular and one of the main methods to encourage export of goods.

Duty drawback is offered on the following basis:

All Industry Rate:

Government decided drawback rates on various products which are exported on a regular basis through a drawback schedule. Exporters can get drawback at defined rates for export on the listed products.

Brand Rate:

If the product to be exported is not listed, the exporter can file for drawback to recover duties in the process.

Special Brand rates:

This covers everything that comes under industry rates but lesser than 4/5th of the existing duties suffered.

Why Venture Support?

Venture Support offers consultation, documentation, and representation with authorities for exports and imports, foreign investors and international companies who have business interests in India.
Our experts with their relevant experience offer business-oriented approach. Consultation on Foreign Trade Policies, Custom Procedures and related issues, can help to optimize the benefits and get new solutions.
With our dedicated team of qualified professionals who have proven record of offering service towards a broad spectrum of clients, you can get assistance with your every query.
We provide end to end solutions in the import and export ventures, foreign investments and company formation.
We also help our clients with regulatory and licensing necessities, getting government approval and liaison across very related government agencies, related to matters in Foreign Trade.
We understand the specific needs of the clients and offer specific solutions which maximize returns. Our experienced professionals take particular interest in offering you customized service of best quality and within directed schedule.