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TMI BlogAll Industry Rates of Duty Drawback, 2003-2004 -regX X X X Extracts X X X X X X X X Extracts X X X X ..... s of Duty Drawback for the year 2003-2004 vide notification no.26/2003-Cus (N.T.) dated 1.4.2003. These rates shall come into effect from 7.4.2003. Thus the existing rates shall remain in force till 6.4.2003. 2. The salient features of the revised rates are as follows:- This year, drawback rate for Chassis of motor vehicles has been fixed vide SS No. 87.43 on the basis of data furnished by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. In respect of handloom textiles/made-ups, made of cotton, the duty drawback rates have not been changed owing to the retention of central excise duty on Cotton hank Yarn imposed last year. However, due to reduction in duty on man-made fibres, new entries have been created for handloom made-ups made of man-made fibres/fabrics with lower drawback rates. Due to reduction in Central Excise du ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the Kelkar Committee, relaxation has been provided in the exports of composite articles. The General Note 11 to the new Drawback Table shall enable the exporters to avail drawback on the strength of a declaration only. The field officers would be permitted to cause verifications in cases of doubt or information only. 3. In the wake of amendment in the Customs Act, the supplies made to the s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion of the Trade and standing orders for guidance of the staff may kindly be issued accordingly. 6. The receipt of this Circular may kindly be acknowledged. S.S. Renjhen Joint Secretary to the Government of India - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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