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of <h1>New Customs and Central Excise Duties Drawback Rules, 2017: Key Changes and Compliance Updates for Exporters.</h1> The Central Government has introduced the Customs and Central Excise Duties Drawback Rules, 2017, replacing the 1995 rules, effective from October 1, 2017. Key changes include revised All Industry Rates (AIRs) of Drawback, the exclusion of integrated tax and compensation cess, and the discontinuation of composite rates. Exporters must now use specific suffixes for claiming AIRs and apply afresh for Brand Rate fixation for exports from October 1, 2017. The Drawback Committee's tenure is extended to December 31, 2017, to address issues arising from these changes. Commissioners must ensure due diligence to prevent misuse and excess drawback claims.
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