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Showing posts from May, 2019

Export Declaration Number is Important for Duty Drawback Scheme

Every exporter must obtain an export declaration number (EDN) from the Australian Customs as it must be mentioned on the export documents to be sent along export consignments. For this, the exporters need to file export declaration with the Customs, providing required details about the goods being exported. Another benefit of EDN is its use in duty drawback scheme. So, what is duty drawback scheme? It is one of the many schemes provided to the Australian exporters. It makes exporters eligible to receive refunds on custom duties they pay on imported goods. The refund is applicable if the goods in question are: Processed or treated or incorporated into other goods before further exportation or Lying unused since the time they were imported and are now being exported from Australia If you are planning to export such goods from Australia, you must obtain an EDN, just like you would while exporting other goods. In addition, there are other requirements to lodge a claim for duty drawb...