Amendments effective from 01.07.2017 to the All Industry Rates of Duty Drawback and other Drawback related changes

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..... e: 04.07.2017 PUBLIC NOTICE No. 24/2017 Subject: Amendments effective from 01.07.2017 to the All Industry Rates of Duty Drawback and other Drawback related changes. Attention of all Exporters / Importers/ Custom Brokers/ Clearing Agents / Steamer Agents/ Shipping agents/ Customs Cargo Service Providers/ Trade and Industry and Public is invited to the Circular No. 22/ 2017-Cus dated .....

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..... porter may, for exports made during this period, continue to claim the composite rates i.e. rates and caps given under columns (4) and (5) respectively of the Schedule of AIRS of duty drawback, subject to certain additional conditions. During the transition period, exporters can also claim Brand rate of duty/ tax incidence as they have been doing earlier. The conditions imposed for claiming these .....

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..... s has been allowed, the exporters shall have an option to claim only Customs portion of AIRS of duty drawback i.e. rates and caps given under column (6) and (7) respectively of the Schedule of AIRS of duty drawback and avail input tax credit of CGST or IGST or refund of IGST paid on exports. (b) Changes in AIRs: Based on prevailing prices of inputs and export goods, budgetary changes, r .....

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..... Rates and caps have been enhanced for made up fishing and sports nets of other man- made textile materials covered under chapters 56 and 95 respectively; vi. Leggings have been classified under tariff item 611501 instead of 610304 and 610404; and vii. Customs rates have been reduced for nickel and articles thereof covered under chapter 75. 4. Further, vide Notification no. 58/2017-Cus d .....

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..... es of Customs, which will replace Central Excise Commissionerates hitherto performing Customs functions are notified and become functional, the jurisdictional Central Excise Commissionerates shall continue to discharge Customs functions as required under the Drawback Rules 1995. 5. Difficulties, if any, faced should be intimated to this office. (K.V.V.G. DIWAKAR) COMMISSIONER - Cir .....

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