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of <h1>India Revises Duty Drawback Rates: Clarifies Cotton Yarn 'Counts,' Boosts AIRs for Marine, Electronics, Defense Products.</h1> The Government of India has amended the All Industry Rates (AIRs) of Duty Drawback, effective from May 3, 2024. Key changes include clarifying the term 'counts' in cotton yarn to mean 'counts in New English (Ne)' and enhancing AIRs for certain marine products, bags, linens, electronic apparatus, and unmanned aircraft. The cap for 'Golf Gloves made of leather in combination with textile materials' has been adjusted, and new tariff items have been created for better export product differentiation. Additionally, AIRs for defense sector products have been introduced. Public notices should be issued for trade guidance, and any implementation issues should be reported.
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