The Circular No 04/2024-Customs issued by CBIC, highlights the ...

CBIC Updates Duty Drawback Rates: New Rules for Marine Products, Golf Gloves, and Defense Sector Effective May 2024.

May 23, 2024

Circulars Customs

The Circular No 04/2024-Customs issued by CBIC, highlights the amendments to the All Industry Rates (AIRs) of Duty Drawback effective from 03.05.2024. Changes include clarifying the unit of "counts" in Chapter 52 as "counts in New English (Ne)" and enhancing AIRs/caps for various items like marine products, bags, linen articles, radar apparatus, unmanned aircraft, and rationalizing caps for specific goods like Golf Gloves. New tariff items are created for better product differentiation, and descriptions for Golf Gloves are modified. Additionally, duty drawback rates are provided for defense sector products. Trade/field formations are advised to issue suitable Public Notice/Standing Order for guidance, and any implementation challenges should be reported to the Board.

View Source

← Previous Next →

The Circular No 04/2024-Customs issued by CBIC, highlights the ...

CBIC Updates Duty Drawback Rates: New Rules for Marine Products, Golf Gloves, and Defense Sector Effective May 2024.

May 23, 2024

Circulars Customs

You may also like:

CBIC clarified that under Rules 6 and 7 of the Customs and Central Excise Duties Drawback Rules 2017, exporters must pay application fee for time extension requests on...

Demand of excess paid drawback – recovery of duty drawback after revision in rate can be initiated u/s 11A read with Rule 16 of duty drawback rules, 1998 - CGOVT

Recovery of duty drawback already granted - mechanism is absent in Duty Drawback Rules, 1995 thus demand under Rule 16 of Drawback Rules, 1995 is not sustainable.

HC ruled that exporters are entitled to duty drawbacks when exporting unlocked mobile phones. Following M/s AIMS Retail Services Private Limited precedent, the court...

The work pertaining to fixation of Brand Rate of Drawback under Rule 6 and Rule 7 of the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, in the GST scenario.

CBIC clarified that All Industry Rate (AIR) of duty drawback cannot be denied or reduced for export goods manufactured using partially non-duty paid or concessionally...

CBIC has clarified fee requirements for time extension applications under Rules 6 and 7 of Customs and Central Excise Duties Drawback Rules, 2017. The Board addressed...

Recovery of erroneous Duty Drawback - Rule 16 of the Drawback Rules, 1995 - By inserting Rule 20(2) government has shown its different intention and Rule 20(2) of...

Claim of Duty Drawback on supplies from DTA to EOU - eemed export drawback - supplier being claim cenvat credit, the method / route for claiming duty drawback - via...

Recovery of drawback duty under Rule 16 of Drawback Rules – Respondent assessee made a statement that no All Industry Rate of drawback fixed or existing - Merely making...

Clarification regarding applicability of All Industry Rates of duty drawback while fixing Brand Rate of duty drawback in post GST era

Amendments to the All Industry Rates of Duty Drawback effective from 20.02.2019

Revision of All Industry Rates (AIRs) of Duty Drawback.

Revised All Industry Rates of Duty Drawback

Rates of Duty Drawback From 1-10-2017 onwards - Export of Goods

Quick Updates: