Drawback rate revision for silk products increases duty-drawback rates and removes requirement for imported beads and sequins. Revision of All Industry Rate of Duty Drawback increases rates for silk fabrics, handloom/powerloom silk lungies and silk made-ups by applying the same rate-adjustment principle used for garments. The entry description for the relevant silk garment has been amended to delete the requirement for imported beads and sequins. The notification is retroactively applicable to the prior amendment date, allowing exporters to file supplementary drawback claims and requiring settlement of pending claims; public notices and standing orders are to be issued for implementation.
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Drawback rate revision for silk products increases duty-drawback rates and removes requirement for imported beads and sequins.
Revision of All Industry Rate of Duty Drawback increases rates for silk fabrics, handloom/powerloom silk lungies and silk made-ups by applying the same rate-adjustment principle used for garments. The entry description for the relevant silk garment has been amended to delete the requirement for imported beads and sequins. The notification is retroactively applicable to the prior amendment date, allowing exporters to file supplementary drawback claims and requiring settlement of pending claims; public notices and standing orders are to be issued for implementation.
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