Duty drawback rate revision increases export entitlements and mandates EDI-based online claim payment with rapid grievance handling. Revision of All Industry Duty Drawback Rates for 2007-08 increases drawback percentages and revised caps across numerous export product categories, effective 1.4.2007. Rates were adopted following a Committee review using input prices, SION, import shares, applied duties and the inclusion of education cess, fuel duty incidence and service tax on input services. Customs implemented EDI so the shipping bill functions as the drawback claim and payments are credited on-line immediately after let-export order and manifest filing; Commissioners must address drawback grievances within 72 hours or escalate to Member (Customs/Export Promotion).
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Duty drawback rate revision increases export entitlements and mandates EDI-based online claim payment with rapid grievance handling.
Revision of All Industry Duty Drawback Rates for 2007-08 increases drawback percentages and revised caps across numerous export product categories, effective 1.4.2007. Rates were adopted following a Committee review using input prices, SION, import shares, applied duties and the inclusion of education cess, fuel duty incidence and service tax on input services. Customs implemented EDI so the shipping bill functions as the drawback claim and payments are credited on-line immediately after let-export order and manifest filing; Commissioners must address drawback grievances within 72 hours or escalate to Member (Customs/Export Promotion).
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