Drawback rules change: limitation to customs and select excise duties restricts eligible duty drawback for exports. Notification of the Drawback Rules 2017 and revised All Industry Rates takes effect, limiting drawback to customs duties on inputs and remnant excise on specified petroleum for captive power; integrated tax, compensation cess and service-tax related references are excluded. Composite rates are discontinued and replaced by general AIRs with caps, using specified tariff-item suffixes and alternative suffixes for certain garment exports. Provisional drawback payments align with applicable AIR components. Brand-rate fixation procedures continue but prior brand rates do not apply post-commencement and nil-rate items require alternative rule applications.
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Drawback rules change: limitation to customs and select excise duties restricts eligible duty drawback for exports.
Notification of the Drawback Rules 2017 and revised All Industry Rates takes effect, limiting drawback to customs duties on inputs and remnant excise on specified petroleum for captive power; integrated tax, compensation cess and service-tax related references are excluded. Composite rates are discontinued and replaced by general AIRs with caps, using specified tariff-item suffixes and alternative suffixes for certain garment exports. Provisional drawback payments align with applicable AIR components. Brand-rate fixation procedures continue but prior brand rates do not apply post-commencement and nil-rate items require alternative rule applications.
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