Duty drawback revision shifts most rates to ad valorem with HS alignment and streamlined EDI claim processing. Revised All Industry Rates of Duty Drawback, effective 5 May 2005, apply Committee recommended rates determined by input prices, SION, import share and applied duties, with education cess and fuel duty factored in. Most specific rates are converted to ad valorem rates with specific caps retained; the Schedule adopts HS four digit classification and expands to about 2,620 entries. EDI at major customs locations treats the shipping bill as the drawback claim, enables online processing and prompt crediting after let export order, and requires resolution of exporter grievances within 72 hours. Requests for reconsideration may be submitted to the Drawback Division by 15 May 2005.
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Duty drawback revision shifts most rates to ad valorem with HS alignment and streamlined EDI claim processing.
Revised All Industry Rates of Duty Drawback, effective 5 May 2005, apply Committee recommended rates determined by input prices, SION, import share and applied duties, with education cess and fuel duty factored in. Most specific rates are converted to ad valorem rates with specific caps retained; the Schedule adopts HS four digit classification and expands to about 2,620 entries. EDI at major customs locations treats the shipping bill as the drawback claim, enables online processing and prompt crediting after let export order, and requires resolution of exporter grievances within 72 hours. Requests for reconsideration may be submitted to the Drawback Division by 15 May 2005.
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