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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Ministry of Finance Clarifies Polyester Neckties Ineligible for All Industry Rate of Duty Drawback; Exporters Advised on Alternatives.</h1> The circular from the Ministry of Finance addresses the issue of duty drawback on polyester ties. It clarifies that neckties, classified under Customs Tariff Heading 62.15, are not eligible for the All Industry Rate of Drawback due to the absence of data from Export Promotion Councils. Exporters are advised to apply for a Brand Rate of drawback or use other government schemes for duty neutralization. Previous export cases should be re-examined for necessary recoveries. A public notice and staff guidance should be issued to inform relevant parties, and acknowledgment of the circular's receipt is requested.
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