Duty drawback rates updated, revising caps, tariff classifications and procedure for Brand Rate declarations. All Industry Rates of Duty Drawback were revised effective 22.11.2014, retaining a determination methodology based on broad average parameters and adjusting residuary and ad valorem rates and caps. Tariff entries were rationalized and new specific entries created; many DEPB incorporated items saw reduced rates. For project exports with ARE I, a cap equal to the ad valorem rate applied to one and a half times the ARE I value must be recorded in Departmental Comments before Let Export Order. Claims under the AIR Schedule preclude Brand Rate fixation; exporters seeking Brand Rate must declare identifier '9801' in the shipping bill and apply separately to Central Excise.
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Duty drawback rates updated, revising caps, tariff classifications and procedure for Brand Rate declarations.
All Industry Rates of Duty Drawback were revised effective 22.11.2014, retaining a determination methodology based on broad average parameters and adjusting residuary and ad valorem rates and caps. Tariff entries were rationalized and new specific entries created; many DEPB incorporated items saw reduced rates. For project exports with ARE I, a cap equal to the ad valorem rate applied to one and a half times the ARE I value must be recorded in Departmental Comments before Let Export Order. Claims under the AIR Schedule preclude Brand Rate fixation; exporters seeking Brand Rate must declare identifier "9801" in the shipping bill and apply separately to Central Excise.
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