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of <h1>Government clarifies All Industry Rate Drawback applies to pre-May 1995 exports under advance licenses</h1> The customs circular addresses difficulties in availing All Industry Rate of Drawback for exports made before May 2, 1995, under advance licenses issued after April 1, 1995. Under the Import and Export Policy 1992-97, additional customs duty was imposed on imports under the DEEC Scheme from April 1, 1995. Exporters could claim refunds through Modvat rules or existing All Industry Rate of Drawback for the central excise allocation portion. Commissioners raised concerns about applying drawback rates announced in May 1995 to exports made before that date when licenses were issued after April 1, 1995. The government clarified through Customs Notification 33/94 that drawback rates under General Note 2(b) of Public Notice 5/95 dated June 15, 1995, apply to exports made before May 2, 1995, if made to discharge export obligations under specified notifications. The government also permitted conversion of free shipping bills into drawback shipping bills under Rule 15 of the Customs & Central Excise Duties Drawback Rules, 1995.
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