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of <h1>Customs Circular Announces Revised Duty Drawback Rates Effective Nov 15, 2016; Updates Classification, Claims, and Tariff Descriptions.</h1> The circular from the Commissioner of Customs outlines changes to the All Industry Rates (AIR) of Duty Drawback, effective from November 15, 2016. Key updates include new AIRs for specific articles, revised composite rates for certain products, and changes in tariff item descriptions to prevent disputes and simplify processes. It also details the classification of export goods, provisional drawback claims, and amendments to the Customs, Central Excise, and Service Tax Drawback Rules, 1995. The changes aim to enhance clarity and efficiency in drawback claims, with stakeholders advised to adjust their filing practices accordingly.
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