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of <h1>India Revises Duty Drawback Rates: New Conditions for Exporters on Input Tax Credits and Refunds under CGST Act 2017.</h1> The Government of India has issued Notification No. 59/2017-Customs (N.T.), amending Notification No. 131/2016-Customs (N.T.) regarding duty drawback rates. Key amendments include changes in conditions for availing duty drawback on export products, particularly concerning input tax credits and refunds under the Central Goods and Services Tax Act, 2017. The notification specifies new rates and caps for various commodities and products, with adjustments made to tariff items across several chapters. These amendments will take effect from July 1, 2017, and the notification's provisions will expire on September 30, 2017.
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