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of <h1>Finance Ministry Updates Duty Drawback Rates for 2004-2005: Key Changes in Textiles, Metals, and More.</h1> The Ministry of Finance has revised the All Industry Rates of Duty Drawback for 2004-2005, effective from January 19, 2005. The new rates consider factors such as input prices and standard input/output norms, incorporating education cess into the calculations. Notable changes include expressing rates in Metric Tonne/kg for transparency and adding excise duty drawbacks to encourage exports. New entries have been added, especially in textiles and metals, while some entries with duty-free inputs have been removed. Adjustments reflect changes in input prices and duties, with significant revisions in textiles, leather, base metals, chemicals, and machinery sectors. Errors or omissions should be reported for correction.
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