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<h1>India Revises Duty Drawback Rates Effective October 30, 2023, with Key Changes in Tariff Items and Increased Rates.</h1> The Government of India has revised the All Industry Rates (AIRs) of Duty Drawback, effective from October 30, 2023, as per Notification No. 77/2023-Customs. Key changes include the specification of AIRs for each tariff item, with suffixes 'B' or 'D' for certain schemes, and increased rates for select items such as chemicals, leather, textiles, and jewelry. New tariff items have been introduced across various sectors, and existing descriptions have been refined. The circular emphasizes diligence in preventing misuse and calls for monitoring export valuation trends, with instructions for public notices and error reporting.