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of <h1>India Revises Export Drawback Rates for Goods Under Customs & Excise Acts, Effective January 2022.</h1> The Government of India, Ministry of Finance, has issued Notification No. 108/2021-Customs (N.T.) to amend the Schedule for Drawback on exports of goods under the Customs Act, 1962 and the Central Excise Act, 1944. Effective January 1, 2022, the notification revises various tariff items across multiple chapters, including items like fish, crustaceans, molluscs, dairy products, vegetables, fruits, oils, fats, machinery, electronic devices, aircraft, and antiques. These amendments update the descriptions and drawback rates for these products, reflecting changes in trade and manufacturing practices. The notification aims to streamline export procedures and align with current market trends.
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