Drawback Rate Revision: All-industry duty drawback rates restructured to metric tonne/kg, with excise portion added across sectors. Revision of all-industry duty drawback rates effective 19 January 2005 converts most rates to metric tonne/kg and incorporates the excise-duty component where applicable. Rates were recalculated using prevailing input prices, SION norms, import shares and applied duties, with education cess factored into duty incidence. The Schedule was expanded with new entries and a new chapter for iron/steel products, while entries relying on duty-exempt inputs were deleted; brand rates remain available and excise drawback is admissible only if cenvat credit was not taken.
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Drawback Rate Revision: All-industry duty drawback rates restructured to metric tonne/kg, with excise portion added across sectors.
Revision of all-industry duty drawback rates effective 19 January 2005 converts most rates to metric tonne/kg and incorporates the excise-duty component where applicable. Rates were recalculated using prevailing input prices, SION norms, import shares and applied duties, with education cess factored into duty incidence. The Schedule was expanded with new entries and a new chapter for iron/steel products, while entries relying on duty-exempt inputs were deleted; brand rates remain available and excise drawback is admissible only if cenvat credit was not taken.
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