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of <h1>Ministry of Finance Revises Duty Drawback Rates for 2007-08; Effective Retroactively with New Items Added to Schedule.</h1> The Ministry of Finance has issued a revised All Industry Rates of Duty Drawback for 2007-08, effective retrospectively from April 1, 2007, with some exceptions effective from July 18, 2007. The adjustments consider input duty incidence, service tax on input services, and other factors. New items have been added to the Drawback Schedule, and rates for various goods, including textiles, leather, metals, machinery, and chemicals, have been adjusted. The circular emphasizes efficient processing of drawback claims and addresses exporters' grievances promptly. It requests that any errors in the new schedule be reported for correction.
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