Duty Drawback Rates revised to ad valorem HS-aligned schedule, with instructions for prompt payment and grievance escalation. Revised All Industry Rates of Duty Drawback take effect from the operative date and are recalculated based on input prices, SION norms, import shares and applied duties, with education cess and fuel duty incidence included. Rates are now principally expressed as ad valorem with specific caps retained where needed, and the Schedule is realigned to HS four-digit classification. The table format shows separate rates for when CENVAT is and is not availed. Administrative instructions require prompt crediting of drawback post let-export and escalation of unresolved grievances to the Board.
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Duty Drawback Rates revised to ad valorem HS-aligned schedule, with instructions for prompt payment and grievance escalation.
Revised All Industry Rates of Duty Drawback take effect from the operative date and are recalculated based on input prices, SION norms, import shares and applied duties, with education cess and fuel duty incidence included. Rates are now principally expressed as ad valorem with specific caps retained where needed, and the Schedule is realigned to HS four-digit classification. The table format shows separate rates for when CENVAT is and is not availed. Administrative instructions require prompt crediting of drawback post let-export and escalation of unresolved grievances to the Board.
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