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of <h1>Ministry of Finance Updates Duty Drawback Rates from June 1, 1997; Aligns with Customs Tariff Act, 1975</h1> The Ministry of Finance has issued new All Industry Rates of Duty Drawback effective from June 1, 1997, aligning the Drawback Table with the Customs Tariff Act, 1975 by refining product classifications and retaining common rates for split entries. Commissioners are instructed to monitor payments under revised headings and report any discrepancies or errors promptly. Staff must familiarize themselves with the changes to prevent errors, and difficulties in implementation should be reported directly. Separate instructions regarding exporter certification for MODVAT availed under General Note No. 11 will be issued. Commissioners must also provide lists of export products exempt from Central Excise duty. The revised Customs and Central Excise (Duty Drawback) Rules, 1995 remain applicable, and any implementation issues should be communicated urgently to the designated authority.
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