📑 Refund Under Section 74 of the Customs Act
DGFT EXIM | Trusted Advisory for Customs Duty Refund Claims
Section 74 of the Customs Act, 1962 allows importers to claim a refund of customs duties paid on imported goods that are subsequently re-exported. This provision offers businesses financial relief in cases where goods need to be re-exported due to reasons like rejection, defects, excess quantity, or project returns.
📌 What is Section 74 Refund?
Under this provision:
98% Duty Refund
Up to 98% of the customs duty paid on imported goods can be refunded if the goods are re-exported within a stipulated time period from the date of import.
Minor Processing Allowed
The refund is applicable whether the goods are re-exported as-is or after minor processing that doesn't alter their essential character.
Valid Re-export Required
The re-export must be supported by valid shipping bills and customs clearance.
📖 Process for Claiming Refund under Section 74
1️⃣ Re-export Goods
Re-export the imported goods through customs with proper documentation.
2️⃣ File Refund Application
File an application for refund of customs duty with the Jurisdictional Customs Authority where the duty was originally paid.
3️⃣ Attach Documents
Attach all required supporting documents and duty payment proof.
4️⃣ Customs Verification
The customs authority verifies export details and duty payment records.
5️⃣ Refund Credit
Upon approval, the eligible refund amount is credited to the applicant's account.
📄 Documents Required
- Original Bill of Entry (Import)
- Copy of Shipping Bill (Export)
- Export Promotion Copy of Shipping Bill
- Bill of Lading/Air Waybill
- Duty payment challan
- Commercial Invoice for both import and export
- Packing list
- Letter requesting refund under Section 74
- Bank account details for refund transfer
- Any other documents as per customs requirement
📌 How DGFT EXIM Assists You
At DGFT EXIM, we provide complete, hassle-free assistance for:
- ✔️ Assessing eligibility for refund under Section 74
- ✔️ Preparing accurate and complete refund applications
- ✔️ Filing claims with the customs department
- ✔️ Resolving objections or deficiency letters, if any
- ✔️ Coordinating follow-ups to ensure timely refund settlement
Our experienced team ensures that your refund process is handled efficiently, minimizing delays and reducing compliance risks.
📞 Why Choose DGFT EXIM?
- ✅ Experienced trade and customs advisory specialists
- ✅ End-to-end documentation, application, and liaison services
- ✅ Transparent, reliable, and compliant claim management
- ✅ Strong coordination with customs authorities for faster processing
📑 Conclusion
Refund under Section 74 is a valuable financial recovery option for businesses that need to re-export imported goods. With DGFT EXIM by your side, you can navigate the refund process with ease, ensuring timely recovery of your customs duties and improved cash flow for your business operations.
📞 Contact our customs refund experts today to initiate your Section 74 refund claim.