AIR Drawback - Committee Constituted
GOVERNMENT has constituted a Committee for the purpose of formulation of All Industry Rates (AIRs) of Duty Drawback for the year 2016.
The Committee will:
1. interact with the administrative Ministries, Export Promotion Councils, Commodity Boards, trade bodies and other stakeholders so as to elicit their views on the existing Duty Drawback Scheme (AIR);
2. work out the modalities for calculation of duty drawback and suggest All Industry Rates of Duty Drawback for the year 2016 for the existing items as also for new items as may be suggested by the stake holders.
The Committee will have Mr. Saumitra Chaudhuri, former Member of the former Planning Commission of India as Chairman, Mr. G. K. Pillai, former Commerce Secretary, Mr. Y. G. Parande, former CBEC Member and Mr. Gautam Ray, former Chief Commissioner of Customs and Central Excise as Members.
Department of Revenue F.No., Dated May 09 2016