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of <h1>Ministry of Finance Revises Duty Drawback Rates: Key Updates for Textiles, Leather, Metals, and More Effective Sept 20, 2010.</h1> The Ministry of Finance has revised the All Industry Rates (AIR) of Duty Drawback effective from September 20, 2010, as per Notification No. 84/2010-Cus. The changes reflect adjustments based on input prices, import shares, and duty rates. Notable updates include new entries for denim fabric and cotton garments with Spandex/Lycra/Elastane, and revised rates for leather, textiles, base metals, machinery, bicycles, sports goods, and writing instruments. Specific adjustments address concerns about classifications and eligibility for drawback benefits, particularly concerning DEPB scheme usage and customs duty rebates. Stakeholders are urged to review the changes and report any discrepancies.
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