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of <h1>Central Government Revises Duty Drawback Rates Effective December 19, 2018; Key Changes for Export Goods Across Sectors.</h1> The Central Government has revised the All Industry Rates (AIRs) of Duty Drawback, effective from December 19, 2018, as per Notification No. 95/2018-Customs. These revisions aim to neutralize customs duties on inputs and remnant excise duty on specified petroleum products used in export goods. Key changes include adjusted AIRs for various products like marine items, chemicals, textiles, and electronics, with rationalized rates for garments and iron/steel sectors. New tariff items have been introduced, and caps are set where necessary. Commissioners must ensure careful handling of shipping bills to prevent misuse. Exporters can submit representations for higher rates by December 31, 2018.
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