All Industry Rates of Duty Drawback under review; industry must submit specified input, duty and cost data for exports. The Government seeks data to review All Industry Rates (AIR) of Duty Drawback for 2018, limited to Customs duty on inputs and Central Excise on specified petroleum products. Export Promotion Councils and industry bodies must submit product wise Proformas I(A)/(B), II and III for exports Oct 2017-Mar 2018 showing input consumption, duty incidence, per unit cost breakdown, FOB realizations and captive power details. Data must cover at least five manufacturer units, be certified by the manufacturer and its Chartered/Cost Accountant, supported by bills/shipping/ invoices, and suppliers must permit inspection for verification.
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All Industry Rates of Duty Drawback under review; industry must submit specified input, duty and cost data for exports.
The Government seeks data to review All Industry Rates (AIR) of Duty Drawback for 2018, limited to Customs duty on inputs and Central Excise on specified petroleum products. Export Promotion Councils and industry bodies must submit product wise Proformas I(A)/(B), II and III for exports Oct 2017-Mar 2018 showing input consumption, duty incidence, per unit cost breakdown, FOB realizations and captive power details. Data must cover at least five manufacturer units, be certified by the manufacturer and its Chartered/Cost Accountant, supported by bills/shipping/ invoices, and suppliers must permit inspection for verification.
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