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of <h1>India Amends Drawback Rates: Notification No. 42/2000-Cus(NT) Alters Serial No. 57.01 to 10% FOB Value</h1> The Government of India, through the Ministry of Finance and the Central Board of Excise & Customs, has amended Notification No. 31/99-Cus(NT) regarding drawback rates, effective from June 1, 1999. This amendment, issued under Notification No. 42/2000-Cus(NT) dated June 16, 2000, alters the entry in the table for Serial/Sub-Serial No. 57.01. The previous rate is replaced with '10% of the f.o.b. value,' effective from December 31, 1999. This change is made under the Customs and Central Excise Duties Drawback Rules, 1995, in the public interest.
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