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DUTY DRAWBACK FACILITY UNDER SECTION 99 CUSTOMS ACTS 1967ROYAL MALAYSIAN CUSTOMS DEPARTMENT 2017CONTENT A.INTRODUCTION.DUTY DRAWBACK FACILITY 1. Legal Provision 2. Category of Applicant / Exporter 3.

How to fill out duty drawback facility

How to fill out duty drawback facility

1. Gather all necessary information and documents, including invoices, bill of lading, import/export records, and any other relevant paperwork.
2. Determine the eligibility of your exports for duty drawback facility. This may require consulting with a customs expert or trade specialist.
3. Complete the duty drawback application form accurately and thoroughly. Pay attention to details and provide all required information.
4. Attach the supporting documents to the application form. Make sure they are properly organized and easy to reference.
5. Submit the completed application form and supporting documents to the appropriate customs authority or duty drawback program office.
6. Follow up with the customs authority to ensure that your application is being processed and to address any queries or requests for additional information.
7. Once approved, review the duty drawback calculation and ensure that you are receiving the correct amount of drawback.
8. Maintain proper record-keeping of your duty drawback activities, including all relevant documents and correspondence.
9. Periodically review and audit your duty drawback processes to identify any potential issues or improvements.
10. Stay updated with the latest customs regulations and changes that may affect your duty drawback facility.

Who needs duty drawback facility?

1. Exporters who regularly engage in international trade and have significant import duties paid on their imported materials or products.
2. Manufacturers or producers who use imported components or raw materials in their production process and later export the finished goods.
3. Companies involved in industries with high duty rates, such as textiles, automotive, electronics, and machinery.
4. Businesses seeking to improve their competitive advantage by reducing the overall cost of importing and exporting.
5. Organizations aiming to streamline their customs compliance and maximize financial benefits through duty drawback facility.

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What is duty drawback facility?

Duty drawback facility is a refund of duties paid on imported merchandise that is subsequently exported or used in the production of exported goods.

Who is required to file duty drawback facility?

Importers or exporters who have paid duties on imported goods that are subsequently exported are required to file for duty drawback facility.

How to fill out duty drawback facility?

To fill out the duty drawback facility, importers or exporters must provide detailed information about the imported goods, export transactions, and supporting documentation.

What is the purpose of duty drawback facility?

The purpose of duty drawback facility is to provide financial relief to importers or exporters by refunding the duties paid on imported goods that are later exported.

What information must be reported on duty drawback facility?

Information such as the import entry number, export documentation, proof of payment of duties, and other relevant details must be reported on duty drawback facility.