- 20 Marks
STP – Aug 2016 – L2 – Q1 – Duty Drawback Management
Discuss duty drawback regime, eligibility, export conditions, competitiveness, and mismanagement advantages.
Question
In recent times the most topical tax issue confronting the export business community is the issue of duty drawback management. The concerns expressed has non-payment of the duty by the GRA as accrued over the years.
As an expert tax consultant with the special port duty portfolio, the Ghana National Chamber of Commerce has invited you to speak to the business community on the duty drawback regime.
You are required to present a paper to the business community covering the following areas:
- Generally what a duty drawback as prescribed by the Customs Act, Act 891 is
(2 Marks) - When does an importer/exporter qualify to claim duty drawback?
(4 marks) - Indicate the circumstance as prescribed by Act 981, when goods are deemed to have been exported.
(5 marks) - How is the duty drawback regime expected to make Ghanaian exports competitive?
(5 marks) - Discuss three advantages which good mismanagement of the duty drawback regime could bring to claimants.
(4 marks)
(Total: 20 marks)
Find Related Questions by Tags, levels, etc.
- Tags: Customs Act, Duty Drawback, Export Competitiveness, Indirect Taxes, Tax Refunds
- Level: Level 2
- Topic: Strategic Indirect Tax Management
- Series: AUG 2016
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