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of <h1>New Duty Drawback Amendments Effective: Transition to GST with Adjusted Rates for Marine, Textile, and Leather Products.</h1> Amendments effective from July 1, 2017, to the All Industry Rates of Duty Drawback have been introduced, allowing the existing Duty Drawback scheme to continue for a three-month transition period to the GST regime. Exporters can claim composite rates or opt for only Customs rates while availing input tax credit or IGST refund. Changes include adjustments in rates and caps for various products, such as marine products, textiles, and leather. The fixation of Brand rate of drawback and supplementary claims are now managed by Customs formations. Central Excise officers will continue Customs functions until new Commissionerates are operational.
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