Amendments to certain All Industry Rates of Duty Drawback - effective tomorrow
GOVERNMENT has considered representations and feedback related to the All Industry Rates (AIR) of Duty Drawback that were made effective from 22.11.2014 and has notified certain amendments effective from 13.02.2015 vide Notification Nos. and , both dated 10.02.2015.
The changes include:
1. Separate entries for certain items like protective industrial wear.
2. Provision of composite rates of drawback for tariff item nos. 7308 and 8433;
3. Changes in drawback caps for certain items
4. Prescribing 1% (all Customs) rate to optical fibre cable of tariff item no. 900101;
5. Enabling drawback under brand rate route on export of rice.
CBEC Circular No. 6/2015-Customs, Dated: February 11, 2015