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TMI BlogAll Industry Rates of Duty Drawback, 2005-06 – RegX X X X Extracts X X X X X X X X Extracts X X X X ..... certain broad parameters 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 incidence of duty on HSD/Furnace Oil has also been factored in the drawback calculation. 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 changes in dra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ates have been worked out at four digit/six digit/eight digit level, for others a mixed classification, based on precedent and convenience, has been used for prescribing the drawback rates. In several cases, a residual entry has been created so that no export item is left out from a particular heading. 5. The new Drawback Schedule now covers about 2620 entries comprising 685 entries at the four-digit level and 1935 entries at the six-digit/eight-digit/modified six/eight-digit level. Though the entries add to a total of 2620 only, the number of manufactured products covered by these entries would be many times this figure. In terms of product coverage, the new Schedule has much wider scope in comparison with the existing Schedule which c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ustoms portion put together. The difference between the two is Central Excise portion of drawback. 7. The drawback rates have undergone significant changes in sympathy with the changes in prices of inputs, duties etc. The Drawback Schedule may be perused for details. The more important changes are outlined below: - i) Textiles and Textile Articles (Chapters 50-63) a) Silk: In the case of silk, the drawback rate for higher quality silk fabrics has been revised from Rs. 126/kg to 7.5% with a drawback cap of Rs. 140/kg. The rate for fabrics of noil silk has also been revised. b) Wool: In the case of wool, the new drawback rate for woollen worsted yarn grey - weaving quality is 6.5% with a cap of Rs.22/kg as against the existing rat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... drawback rate is 10% with a cap of Rs. 1080 per sqm. as against the existing rate of 150/kg. The drawback rate on cotton durries is fixed at 8% with a cap of Rs. 16/kg as against the existing rate of Rs. 8/kg. e) Ready Made Garments: In the ready made garment sector, the new drawback rate for knitted blouses/shirts/tops of cotton is 6% with a cap of Rs. 19 per piece as against the existing rate of Rs.42/kg. The new rate for knitted blouses/shirts/tops of man-made fibre is 7.5% with a cap of Rs. 24 per piece as against the existing rate of Rs.53.50/kg. For knitted blouses/shirts/tops of cotton and man made fibre blend the new drawback rate is 6.8% with a cap of Rs. 21 per piece as against the existing rate of Rs.48/kg. The drawback rat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed for details. iii) Base Metals and Articles of Base Metals (Chapters 72-83) 9. A significant feature of the new Drawback Schedule is that drawback rates have now been provided for all items of iron steel in Chapter 72 and 73. The new rate for semi-finished steel, HR Coils, CR Sheets, GP Sheets and bars rods is 2.5% (all customs) with drawback caps varying from Rs. 615/MT to Rs. 980/MT. In Chapter 74 (Copper and Articles thereof), the drawback rates on copper cathodes, wire bars and rods have been revised from Rs. 6.50/kg (customs) to 4.5% with a cap of Rs. 7.70/kg (customs). Taking into account the duty incidence and prices of inputs, the drawback rate on brass builder hardware and handicrafts of brass has been revised from Rs. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cle parts. On some parts the rates have registered an increase and on others the same has decreased. The Schedule may be perused for details. Writing Instruments (Chapter 96) 12. The existing drawback rate on fountain pen, ball point pens, etc. is 9.5% with a cap of 4.90 per piece. The rate has now been reduced to the level of 6% with lower drawback caps. Chemicals, Dyes, Essential Oils, Plastics and Rubber (Chapters 28-40) 13. The drawback rate on zinc oxide IP/BP/USP grade has been revised downwards from 14,063/MT [Rs.6400/MT (customs) + Rs.7663/MT (central excise)] to 9.6% with a cap of Rs. 9,600/MT. Taking into account the incidence of duty and prices of inputs the drawback rates on dyes and optical bleaching agents have been ..... X X X X Extracts X X X X X X X X Extracts X X X X
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