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of <h1>Duty Drawback Adjusted for Bicycle Exports in Advance License Scheme; Applies Retroactively from October 4, 2001.</h1> The circular addresses the grant of All Industry Rate of Duty Drawback for the export of bicycles under the Advance License Scheme. It highlights a request from the Engineering Export Promotion Council to allow duty drawback for indigenous inputs used in bicycle exports, even when some components are imported duty-free under the scheme. The Board has examined this issue and determined that the duty drawback for a complete bicycle can be adjusted by deducting the drawback for components not supplied or imported. This approach simplifies administration and applies retroactively to exports from October 4, 2001. Field formations are instructed to implement this policy.
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