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TMI BlogAll Industry Rates of Duty Drawback, 2004-2005 – RegX X X X Extracts X X X X X X X X Extracts X X X X ..... ameters including, inter alia, the prevailing prices of inputs, standard input/ output norms (SION) published by DGFT, share of imports in the total consumption of inputs and the applied rates of duty. As education cess is being collected as duties of excise/customs, the element of education cess has been factored in the drawback rates. The production, import and price data used for calculation of drawback rates have been obtained from the various sources, such as, the field formations of Central Excise/Customs, the Export Promotion Councils and trade bodies, Government publications and other reputed journals. The wastage norms given in the SION vary from product to product in the same Product Group. Therefore, norms have been taken on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the Drawback Schedule relating to garments have been expanded so as to create separate entries for garments made up of (i) cotton; (ii) cotton and MMF (Man Made Fibre) blend; and MMF. Separate rates have been prescribed for these categories of garments on the basis of composition of textiles. 6. There are several products in the Drawback Schedule, where the main inputs are exempt from customs duty. It has been decided to withdraw the All Industry Rate for these products. The exporters of such products can, of course, avail of the brand rate of duty drawback. As such, 46 entries have been deleted from the existing Schedule. 7. The drawback rates have undergone significant changes in sympathy with the changes in prices of inputs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s Rs.48/kg. The drawback rates on woven garments have been revised accordingly. As for ready made garments made up of silk, the rate has been increased from Rs.86/kg to Rs.130/kg. The drawback rate on dyed woollen shawls has also been revised upwards from Rs.6.10/kg to Rs.20.50/kg. d) Carpets and Floor Coverings : The new drawback rate for woollen carpets (57.01) is Rs.35.50/kg as against the existing rate of 7.8% of FOB value subject to a maximum of Rs.300/sq. metre. For silk carpets (57.03), the new drawback rate is Rs.150/kg as against the existing rate of 8.2% of FOB value subject to a maximum of Rs.950/sq.metre. In view of abolition of excise duty on cotton textiles, the drawback rate on cotton durries (57.02) has been reduce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dustrial leather gloves with or without cotton/synthetic fabrics" so that gloves made in combination with synthetic fabrics become eligible for drawback. iii) Base Metals and Articles of Base Metals (Chapters 72-83) In Chapter 73 (Articles of Iron and Steel), all the existing entries in the Drawback Schedule have been retained. However, the scope of entries which were hitherto having only customs portion of drawback has been widened by providing drawback of the central excise portion in those entries. Thus against entry nos. 73.01, 73.02, 73.04 to 73.07, 73.09, 73.17, 73.19, 73.20, and 73.22, the central excise portion of drawback has been added. In case of most items, the drawback rates have gone up sharply, mainly due to adoption o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... determined on the basis of the current prices of input materials and incidence of duty. v) Chemicals, Dyes and Essential Oils (Chapters 28-33) In respect of items falling within Chapter 28, the drawback rates have been calculated by taking into consideration the SION norms, the prices of raw material and the applied rate of customs duty on the raw material. Applying these parameters, the drawback rate on zinc oxide IP/BP/USP grade (28.05) has been revised from Rs.10,400/MT (customs) to Rs.14,063/MT [Rs.6400/MT (customs) + Rs.7663/MT (central excise)]. Taking into account the incidence of duty and prices of inputs the drawback rates on lead oxide grey, red lead, mercuric oxide, copper oxy-chloride etc. have been revised downwards. O ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... k transformer and deflection coil), 85.53 (TV tuner), 85.56 to 85.59 (capacitors) 85.60 to 85.62 (resistors), 85.63 to 85.67 (PCBs), 85.71 (switches), 85.81 to 85.91 (monitor tubes), 85.92 to 85.95 (semiconductor devices), 85.96 (magnet assemblies) and 85.97 (ferrite components). vii) Motor Vehicles, Bicycles Parts Thereof (Chapter 87) In Chapter 87, for parts of motor vehicles falling under various headings, the rates have been calculated as per SION. Now, the drawback rates have two components, namely, customs and central excise as against the existing allocation for customs portion only. For certain items the inputs are only zinc and nickel. The rates have been calculated taking into account reduction in duty on these metals a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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