METHOD TO CLAIM DRAWBACK
Answer / Mohd Salman Khan
The method to claim drawback in banking involves the following steps:
1. Verify eligibility for the drawback scheme as per the relevant customs and excise rules.
2. Prepare the necessary documents, such as bills of entry, invoices, packing lists, and shipping bills.
3. Submit the required documents to the Customs Department along with the claim form.
4. The Customs Department will verify the documents and calculate the drawback amount if eligible.
5. If approved, the drawback amount will be credited to the exporter's bank account.
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