All Industry Rates of drawback revised, altering tariff coverage and provisional claim procedures for export incentive eligibility. Revision of All Industry Rates (AIRs) of Drawback effective 15 November 2016 revises tariff coverage, creates separate tariff lines for better product differentiation, converts certain items to composite rates, and reduces residuary customs rates. It prescribes alternative AIR suffixes for garment exports under Special Advance Authorization, aligns provisional drawback payments with the customs component of AIR subject to existing claim conditions, and deletes the sub rule that imposed a minimum monetary threshold for AIR or Brand Rate drawback. Administrative safeguards and trade facilitation measures are directed to prevent misuse and invite submissions for review of residuary rates.
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All Industry Rates of drawback revised, altering tariff coverage and provisional claim procedures for export incentive eligibility.
Revision of All Industry Rates (AIRs) of Drawback effective 15 November 2016 revises tariff coverage, creates separate tariff lines for better product differentiation, converts certain items to composite rates, and reduces residuary customs rates. It prescribes alternative AIR suffixes for garment exports under Special Advance Authorization, aligns provisional drawback payments with the customs component of AIR subject to existing claim conditions, and deletes the sub rule that imposed a minimum monetary threshold for AIR or Brand Rate drawback. Administrative safeguards and trade facilitation measures are directed to prevent misuse and invite submissions for review of residuary rates.
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