New Drawback Rates - Changes
NOTIFICATION No. dated 22nd September had notified the new drawback rates. Government has now brought in several changes in the notification including the rates.
A new sub-para 3A is added in the Notes,
"(3A) Notwithstanding anything contained in the said Schedule, any identifiable ready to use machined part or component predominantly made of iron, steel or aluminium, made through casting or forging process, and not specifically mentioned at six digit level or more in Chapter 84 or 85 or 87, may be classified under the relevant tariff item (depending upon material composition and making process) under heading 8487 or 8548 or 8708, as the case may be, irrespective of classification of such part or component at four digit level in Chapter 84 or 85 or 87 of the said Schedule.";
Sub para f of para 8 pertaining to bar on DEPB exports, is deleted.
Notification No. ., Dated: October 28, 2011