New AI Rates of Drawback Effective 2/9/98- Highlightsand Instructions

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..... awback effective from 2.9.98 - Instructions regarding. The Ministry has announced the new All Industry Rates of Drawback effective from 2.9.98 vide Notification No. 67/98 dated 1.9.98. A copy of the Press Note issued is enclosed 1 highlighting the important changes made in the Drawback Table. (1) A cap/ maximum limit has been imposed on products having rate above 10%. .....

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..... ll types of made-ups so as to avoid periodic fixation of new varieties of made-ups during the year. This is done on the representation of the Handloom exporters Council. (5) The All Industry Rates of Drawback in the case of exports of garments from EOU/ EPZ units are being restored which were earlier deleted during review in Sept., 97. (6) In order to ensure smoot .....

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..... icate by the exporter regarding availment or otherwise of Modvat under General note No. 11 of the said All Industry Rates of Drawback Notification, fresh instructions are being issued and the existing Circular on the subject is being superseded. A copy of the fresh circular is enclosed herewith. Your attention is also invited to the revised Customs and Central Excise (Duty Drawback) .....

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