Lawgist76Prohibition and regulation of drawback in certain cases
(1) Notwithstanding anything hereinbefore contained, no drawback shall be allowed--
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(b) in respect of any goods the market-price of which is less than the amount of drawback due thereon;
(c) where the drawback due in respect of any goods is less than 2[fifty rupees].
(2) Without prejudice to the provisions of sub-section (1), if the Central Government is of opinion that goods of any specified description in respect of which drawback may be claimed under this Chapter are likely to be smuggled back into India, it may, by notification in the Official Gazette, direct that drawback shall not be allowed in respect of such goods or may be allowed subject to such restrictions and conditions as may be specified in the notification.
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1. Clause (a) omitted by Act 11 of 1983, s. 53 (w.e.f. 13-5-1983).
2. Subs. by s. 53, ibid., for five rupees (w.e.f. 13-5-1983).
3. Chapter XA (containing sections 76A to 76N) omitted by Act 22 of 2007, s. 99 (w.e.f. 11-5-2007). Earlier Chapter XA inserted by vide Notification No. 43/2003-Cus. (N.T.) (w.e.f. 11-5-2004) dated 22-7-2003 read with notification No. 62/2003- Cus (N.T.), dated 14-8-2003; No. 84/2003-Cus. (N.T.), dated 14-10-2003; No. 105/2003-Cus. (N.T.), dated 29-11-2003 and No. 116/2003-Cus. (N.T.), dated 31-12-2003; No. 25/2004-Cus. (N.T.), dated 28-2-2004; No. 46/2004-Cus. (N.T.), dated 31-3-2004 and No. 57/2004-Cus. (N.T.), dated 30-4-2004) by s. 126 of the Finance Act, 2002 (20 of 2002).
- 74 Drawback allowable on re-export of duty-paid goods
- 75 Drawback on imported materials used in the manufacture of goods which are exported
- 75A Interest on drawback
- 76 Prohibition and regulation of drawback in certain cases
- 76A Omitted.
- 76B Omitted.
- 76C Omitted.
- 76D Omitted.
- 76E Omitted.
- 76F Omitted.
- 76G Omitted.
- 76H Omitted.
- 76I Omitted.
- 76J Omitted.
- 76K Omitted.
- 76L Omitted.
- 76M Omitted.
- 76N Omitted.
