Revision of All Industry Rates updates duty drawback rates and caps, prescribing suffix rules to claim revised drawback. Revision of All Industry Rates (AIRs) of Duty Drawback establishes revised AIRs and appropriate caps for tariff items effective 04.02.2020, requires use of suffix 'B' to claim AIRs and suffix 'D' for alternate AIRs under Special Advance Authorization Scheme, introduces and revises tariff items, increases or rationalizes rates across multiple sectors due to changes in duties, CIF/FOB values and import intensity, and directs field formations to exercise due diligence, monitor valuation and drawback outgo, prevent misuse, and report trends or cap review proposals to the Board.
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Revision of All Industry Rates updates duty drawback rates and caps, prescribing suffix rules to claim revised drawback.
Revision of All Industry Rates (AIRs) of Duty Drawback establishes revised AIRs and appropriate caps for tariff items effective 04.02.2020, requires use of suffix 'B' to claim AIRs and suffix 'D' for alternate AIRs under Special Advance Authorization Scheme, introduces and revises tariff items, increases or rationalizes rates across multiple sectors due to changes in duties, CIF/FOB values and import intensity, and directs field formations to exercise due diligence, monitor valuation and drawback outgo, prevent misuse, and report trends or cap review proposals to the Board.
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