All Industry Rates of Duty Drawback, 2008-09 – Govt invites data
Under the Duty Drawback Scheme, the duties (Customs & Central Excise) paid on inputs and service tax paid on input services used in the manufacture of export goods are refunded to the exporters in the form of drawback. The drawback rates are worked out and notified every year after taking into account the budgetary changes in the duty structure and other relevant facts.
The exercise is underway in the Ministry to re-work and revise the rates of duty drawback.
All Industry Rates of Duty Drawback are worked out by considering the consumption of input materials and the incidence of duties on these input materials.
Since the work is time bound, they want the information in the prescribed proforma by 5th April, 2008. The information may also be sent by e-mail at mofdbkdatabank@hotmail.com.
Like the previous year, for formulation of All Industry Rates of Duty Drawback, 2008-09 the Government has constituted a three-member Committee consisting of Shri Saumitra Chaudhuri, Member, Economic Advisory Council to Prime Minister, Shri S.B. Mohapatra, Secretary to the Government of India (retired) and Shri T.R. Rustagi, Chief Commissioner of Customs & Central Excise (retired).
If you wish to make a presentation before the Committee, a time table may be worked out and intimated in advance so that the same can be organized.
D.O.F.NO. Dated : 18th March, 2008