All Industry Rates revision updates duty drawback entitlements and prescribes suffix filing requirements for exporters. Revision of All Industry Rates (AIRs) for Duty Drawback assigns an AIR and caps to each tariff item to neutralize Customs and remnant Central Excise duties on inputs, requires exporters to use suffix 'B' (or 'D' for garments under Special Advance Authorization) when claiming AIRs, introduces new tariff items, adjusts and rationalizes rates across multiple sectors due to changes in duty structure, input and export prices and import intensity, and provides for exporter representations to the Drawback Committee with supporting data for consideration of higher rates.
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All Industry Rates revision updates duty drawback entitlements and prescribes suffix filing requirements for exporters.
Revision of All Industry Rates (AIRs) for Duty Drawback assigns an AIR and caps to each tariff item to neutralize Customs and remnant Central Excise duties on inputs, requires exporters to use suffix 'B' (or 'D' for garments under Special Advance Authorization) when claiming AIRs, introduces new tariff items, adjusts and rationalizes rates across multiple sectors due to changes in duty structure, input and export prices and import intensity, and provides for exporter representations to the Drawback Committee with supporting data for consideration of higher rates.
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