Customs and Central Excise Duties Drawback (Amendment) Rules, 1991 - 142/91 - Customs - Non Tariff

Customs and Central Excise Duties Drawback (Amendment) Rules, 1991 Notification No. 142/91-Cus. (N.T.) Dated 24-10-1991 In exercise of the powers conferred by Section 75 of the Customs Act, 1962 (52 of 1962), and Section 37 of the Central Excises and Salt Act, 1944 (1 of 1944), the Central Government hereby makes the following rules further to amend the Customs and Central Excise Duties Drawback Rules, 1971 namely:- 1.(1) These rules may be called the Customs and Central Excise Duties Drawback (Amendment) Rules, 1991. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In Rule 7A of the Customs and Central Excise Duties Drawback Rules, 1971, after numbering the existing provision of sub-rule (1), the following sub-rule shall be added namely :- (2) "No amount or rate of drawback shall be determined in respect of any goods or class of goods under Rule 6 or Rule 7, as the case may be, if the export value of each of such goods or class of goods in the bill of export or shipping bill is less than the value of the imported materials used in the manufacture of such goods or class of goods, or is not more than such percentage of the value of the imported materials used in the manufacture of such goods or class of goods as the Central Government may, by notification in the Official Gazette, specify in this behalf. Explanation : "Export value" in relation to any export goods means the value thereof determined in accordance with the provisions of sub-section (1) of Section 14 of the Customs Act, 1962."