All Industry Rate of Duty Drawback: component-specific deductions permitted for bicycle exports under advance licence, enabling adjusted drawback claims. The All Industry Rate of Duty Drawback for complete bicycles may be adjusted by deducting the duty attributable to any of the 22 listed components that are either not supplied or are imported under the Advance Licence Scheme, enabling component-level deduction from the total drawback entitlement and avoiding the need for brand rate applications; field formations are authorised to apply this dispensation, including retrospectively to exports from 4.10.2001 onwards.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
All Industry Rate of Duty Drawback: component-specific deductions permitted for bicycle exports under advance licence, enabling adjusted drawback claims.
The All Industry Rate of Duty Drawback for complete bicycles may be adjusted by deducting the duty attributable to any of the 22 listed components that are either not supplied or are imported under the Advance Licence Scheme, enabling component-level deduction from the total drawback entitlement and avoiding the need for brand rate applications; field formations are authorised to apply this dispensation, including retrospectively to exports from 4.10.2001 onwards.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
