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of <h1>Finance Ministry Amends Duty Drawback Rates; Changes in Chapters 52, 42, 63, 72, and More Effective May 3, 2024.</h1> The Ministry of Finance has issued Notification No. 33/2024-Customs (N.T.) amending Notification No. 77/2023-Customs (N.T.) concerning the All Industry Rates (AIRs) of Duty Drawback. The amendments include changes in definitions and various chapters of the Customs and Central Excise Duties Drawback Rules, 2017. Key changes involve the definition of 'counts' in Chapter 52, substitution of chapters related to fish, crustaceans, molluscs, aquatic invertebrates, and preparations of meat and fish. Adjustments are also made to tariff items in Chapters 42, 63, 72, 75, 81, 85, 87, 88, and 93, affecting duty rates and descriptions. The notification takes effect on May 3, 2024.
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