9911796707
TMI BlogAll Industry Rates of Duty Drawback effective 22.11.2014 - Reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... back vide Notification No. 110/2014- Customs (N.T.), dated 17.11.2014. This notification comes into force on 22.11.2014. 2. Some of the broad aspects, from amongst the changes notified with respect to AIR of duty drawback and entries in the Schedule, are the following - (a) As before, the drawback rates have been determined on the basis of certain broad average parameters including, inter alia, prevailing prices of inputs, input output norms, share of imports in input consumption, the applied rates of central excise and customs duties, the factoring of incidence of service tax paid on taxable services which are used as input services in the manufacturing or processing of export goods, factoring incidence of duty on HSD/furnace oil, value ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anged to 1% (composite) and 0.15% (Customs). Further existing residuary rates of 1.3% and 1.7%, have been increased to 1.4% and 1.9%, respectively, with some exceptions. (g) In chapter 57, the six digit tariff item (TI) under 5705 have been changed to refer to the composition of fibre as is under other four digit tariff items. Further, all caps have been made on the basis of per sq.mtr instead of earlier per kg (for some items) in the chapter. (h) Several entries have been modified /amended to address issues brought to Ministry's notice. Laptop bags and shopping bags have been specifically mentioned at six digit level below TI 4202. 'Cami' has been included with women's/girl's tops in TI 611402 and 621102; 'three fourth pants' along wit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9.9/gm for gold jewellery /parts and ₹ 3112.5/kg for silver jewellery /articles. Guar Gum has been provided ad valorem rate (composite) of 0.75% with a cap of ₹ 1270 per MT. (l) Note/Condition (20) in the AIR Notification specifies that "shirts" shall include "shirts with hoods". Similarly, Note (25) specifies that "vehicles" of Chapter 87 shall comprise completely built unit or completely knocked down (CKD) unit or semi knocked down (SKD) unit. 3. It has been made explicit that where the claim for duty drawback is filed with reference to the rate in the AIR Schedule, an application for fixation of Brand Rate under Rule 7 of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995 shall not be admissible. For t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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