Strengthening Exporters' Confidence - CBEC Initiative
CBEC has requested Central Excise formations processing brand rate applications to suggest measures or steps that can further strengthen exporters' confidence with the brand rate mechanism and make it easier to work with. The suggestions should be within the principles that guide drawback based on actual duty and have the traits of reliability, simplicity and workability without compromising revenue.
For this, initiative should be taken by the Commissioners to approach the brand rate applicants for consultation and the points which, according to their examination, can be considered for implementation may be forwarded to the Board with reasons as what situation they shall ameliorate and the specific changes that would be required.
Board also wants a report on the following:
(a) Seeking yearly audited accounts for inventory verification thereby delaying the fixation of brand rate till yearly audit is complete.
(b) Difficulty faced in providing bill of entry for determining the basic customs duty portion where the imported duty paid inputs are procured by exporter from ‘independent' registered dealer or importer.
The Board also wants all Export Promotion Councils to inform their concerned members to approach the jurisdictional Commissioners of Central Excise with their points and solutions.
CBEC F. No. 609/105/2015-DBK., Dated: November 24, 2015