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of <h1>Ministry of Finance Announces 2012-13 Duty Drawback Rates with Key Changes for Leather Goods and Sports Gloves.</h1> The Ministry of Finance has issued Notification No. 92/2012-Customs (N.T.) detailing the All Industry Rates (AIR) of Duty Drawback for 2012-13, effective from October 10, 2012. The rates are based on parameters like input prices, input-output norms, and incidence of service tax. Changes include increased AIR for most items, reduced rates for some, and specific adjustments for items like leather goods and sports gloves. New tariff entries and composite rates have been introduced for certain products. Exporters are reminded not to claim service tax refunds through other mechanisms while claiming AIR. Errors should be reported for correction.
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