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of <h1>Finance Ministry Updates Duty Drawback Rates; New Tariff Entries for Crustaceans and Sports Gloves; Effective Jan 25, 2014.</h1> The circular from the Ministry of Finance, dated January 30, 2014, addresses amendments to the All Industry Rates of Duty Drawback effective from September 21, 2013. Following feedback from various industry stakeholders, changes have been implemented effective January 25, 2014, via Notification No. 05/2014-Customs. Key amendments include the creation of separate tariff entries for specific products like freeze-dried crustaceans and sports gloves, adjustments to drawback caps for certain items, and modifications to drawback rates for products under chapter 87. The circular advises issuing public notices for guidance and reporting implementation difficulties to the Board.
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