All Industry Rate of Duty Drawback revised, with most rates increased and procedural measures for credits and grievances. Notification No.68/2007 revises All Industry Rates of Duty Drawback: most drawback rates increased (effective retrospectively from 1 April), some rates reduced (effective prospectively from notification), new tariff entries added, and caps adjusted or removed for items meeting specified thresholds. Rates are set by input duty incidence, input prices, SION norms, import share and applied duties; fuel and service tax incidence are included and duplicate refunds are prohibited. Administrative measures require immediate crediting after Let Export, a 72 hour grievance response target, a help desk and a cell to process supplementary claims.
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All Industry Rate of Duty Drawback revised, with most rates increased and procedural measures for credits and grievances.
Notification No.68/2007 revises All Industry Rates of Duty Drawback: most drawback rates increased (effective retrospectively from 1 April), some rates reduced (effective prospectively from notification), new tariff entries added, and caps adjusted or removed for items meeting specified thresholds. Rates are set by input duty incidence, input prices, SION norms, import share and applied duties; fuel and service tax incidence are included and duplicate refunds are prohibited. Administrative measures require immediate crediting after Let Export, a 72 hour grievance response target, a help desk and a cell to process supplementary claims.
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