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of <h1>Revised Duty Drawback Rates Announced for Export Goods Across All Chapters, Effective 30th October 2023</h1> Here's a concise summary of the notification:This notification, issued by the Ministry of Finance, Department of Revenue, revises the All Industry Rates of Duty Drawback for various goods across different chapters. Key points include:1. Effective Date: 30th October 20232. Scope: Provides updated drawback rates for exports across Chapters 1-97 of the Customs Tariff3. Key Features:- Drawback rates specified as percentage of free on board value or per unit quantity- Maximum drawback cap defined for specific items- Detailed classification and rates for different product categories- Specific conditions and interpretative notes for various chapters4. Highlights:- Rates vary from 0% to around 12% depending on product category- Includes provisions for textile, machinery, electronics, metals, and other sectors- Specific rules for calculating drawback for composite or blended products5. Purpose: To provide a comprehensive framework for duty drawback claims on exported goods, facilitating international trade and providing relief to exporters.The notification provides a comprehensive and detailed schedule of drawback rates across all major product categories.
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