Drawback rules limit drawback to customs and excise incidence and revise AIRs, claim suffixes and brand rate procedures. The notification implements the Drawback Rules, 2017 and revised AIRs effective 1.10.2017, redefining drawback to exclude integrated tax and compensation cess and omitting input services and service tax. Composite rates are discontinued; general AIRs with caps are provided and claim lines must be suffixed with 'B' (or 'D' for certain garment exports). Provisional drawback payable equals the applicable AIR subject to claim conditions. Previously fixed brand rates do not apply for exports from 1.10.2017 onward; fresh brand-rate applications under Rule 6 or Rule 7 are required. Stakeholders must ensure due diligence and report implementation difficulties.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Drawback rules limit drawback to customs and excise incidence and revise AIRs, claim suffixes and brand rate procedures.
The notification implements the Drawback Rules, 2017 and revised AIRs effective 1.10.2017, redefining drawback to exclude integrated tax and compensation cess and omitting input services and service tax. Composite rates are discontinued; general AIRs with caps are provided and claim lines must be suffixed with 'B' (or 'D' for certain garment exports). Provisional drawback payable equals the applicable AIR subject to claim conditions. Previously fixed brand rates do not apply for exports from 1.10.2017 onward; fresh brand-rate applications under Rule 6 or Rule 7 are required. Stakeholders must ensure due diligence and report implementation difficulties.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
