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TMI BlogDrawback rates on re-export of used goodsX X X X Extracts X X X X X X X X Extracts X X X X ..... otification of the Government of India in the Ministry of Finance (Department of Revenue) No. 49-Customs, dated the 1st February, 1963, the Central Government hereby fixes the rates mentioned in column (3) of the Table below as the rates at which drawback of import duty shall be allowed in respect of goods used after their importation, which have been out of Customs control for the period specifie ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 70% 5. More than twelve months but not more than fifteen months 65% 6. More than fifteen months but not more than eighteen months 60% 7. More than eighteen months Nil 2 Omitted Provided further that when any o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ond year, third year and fourth year respectively : Provided that where the period aforesaid is more than 2 years, drawback shall be allowed, only if the Board, on sufficient cause being shown, has in that particular case extended the period beyond 2 years : Provided further that no drawback shall be allowed if such motor car or goods has or have been used for more than 4 years. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... More than nine months but not more than twelve months 70% 5. More than twelve months but not more than fifteen months 65% 6. More than fifteen months but not more than eighteen months 60% 7. More than eighteen months but not more ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vide notification no. 23/2008 Cus dated 1/3/2008 , before omission it was read as: Provided that where the period referred to in column (1) is more than 24 months, drawback shall be allowed, only, if the Commissioner of Customs concerned on sufficient cause being shown, has in that particular case extended the period beyond 24 months. - Notification Tax Management India - taxmanagement ..... X X X X Extracts X X X X X X X X Extracts X X X X
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