Duty Drawback on Steel is back
By Notification No. 64/2008- Cus.,(N.T), Dated: May 29, 2008, The Customs, Central Excise Duties and Service Tax Drawback Rules, 1995 have been amended to stipulate that no amount or rate of drawback shall be determined in respect of any of the goods falling within Chapter 72 (Iron & Steel) or heading 1006 (Rice) or 2523 (cement) of the First Schedule to the Customs Tariff.
Now steel – rather the whole of Chapter 72 is out of the excluded list – that means you can claim drawback on export of steel.
Notification NO. , Dated: November 21, 2008