All India Rates of Drawback – Board clarifies the amendments

All Industry Rates (AIR) of Duty Drawback 2011-12 were notified vide Notification No. 68/2011-Cus. (N.T.) dated 22.09.2011.  These rates have come into effect on 01.10.2011. Subsequently, on receiving representations on the Drawback Schedule 2011-12 from Export Promotion Councils, Trade associations and individual segments of industry with respect to classification of items (mainly erstwhile DEPB items) in the Schedule, duty drawback rates, value caps and other miscellaneous matters., amendments/ changes, wherever required, were made vide Notification No. 75/ 2011-Cus. (N.T.) dated 28.10.2011.  Circular No.48/11 dated 31.10.11 has now been issued by CBEC to explain the amendments/ changes made by the said notification.

[Circular No. 48/11 Cus. dated 31.10.2011]

Source: www.cbec.gov.in and www.taxindiaonline.com