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All Industry Rates of Duty Drawback revised to reflect input duties, service tax and input prices; transitional relief announced Revision of the All Industry Rates of Duty Drawback effective 15.7.2006: rates recalculated by reference to input prices, SION norms, import share, applied duties, education cess and HSD/Furnace Oil duty; Drawback Rules amended to include service tax incidence on input services and exporters are directed not to claim that tax refund elsewhere. The Schedule adds 84 items, revises sectoral rates and caps across textiles, leather, metals, machinery, chemicals and others, and provides transitional provisional rates for certain reclassified items subject to stipulated conditions.
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All Industry Rates of Duty Drawback revised to reflect input duties, service tax and input prices; transitional relief announced
Revision of the All Industry Rates of Duty Drawback effective 15.7.2006: rates recalculated by reference to input prices, SION norms, import share, applied duties, education cess and HSD/Furnace Oil duty; Drawback Rules amended to include service tax incidence on input services and exporters are directed not to claim that tax refund elsewhere. The Schedule adds 84 items, revises sectoral rates and caps across textiles, leather, metals, machinery, chemicals and others, and provides transitional provisional rates for certain reclassified items subject to stipulated conditions.
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