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of <h1>Customs Circular Announces Revised Duty Drawback Rates Effective November 22, 2014; Key Changes for Exporters and Customs Officials.</h1> The circular from the Office of the Commissioner of Customs, Bengaluru City, outlines changes to the All Industry Rates (AIR) of Duty Drawback effective from November 22, 2014. Key updates include adjustments to drawback rates based on average parameters like input prices and service tax incidence. Changes affect items previously under the DEPB scheme, with revised caps for tariff items. Specific modifications include tariff item adjustments and new entries for various products like cotton yarn, woolen carpets, and gold/silver jewelry. The circular also clarifies procedures for claiming brand rates and provides guidance for exporters and customs officials.
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