Duty drawback rates revised to reflect input duties, service tax and energy costs, with sectoral adjustments and transitional relief. Revision of the All Industry Rates of Duty Drawback, effective mid July 2006, re calibrates drawback entitlements to reflect input prices, applied duties, education cess and duty on HSD/Furnace Oil; amends Drawback Rules to include service tax on input services (preventing double recovery), introduces numerous new schedule entries and sectoral rate adjustments, provides transitional relief for reclassified goods, limits drawback to the customs component for CENVAT chain chemical exporters, and directs commissioners to ensure timely payment, grievance redressal and reporting of errors.
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Duty drawback rates revised to reflect input duties, service tax and energy costs, with sectoral adjustments and transitional relief.
Revision of the All Industry Rates of Duty Drawback, effective mid July 2006, re calibrates drawback entitlements to reflect input prices, applied duties, education cess and duty on HSD/Furnace Oil; amends Drawback Rules to include service tax on input services (preventing double recovery), introduces numerous new schedule entries and sectoral rate adjustments, provides transitional relief for reclassified goods, limits drawback to the customs component for CENVAT chain chemical exporters, and directs commissioners to ensure timely payment, grievance redressal and reporting of errors.
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