Drawback rate amendment revises FOB-based drawback and imposes a per-square-meter maximum cap, effective April. Amendment to Notification No.31/1999 Customs (NT) substitutes the Table entry for Serial/Sub Serial No. 57.01 so that the drawback is calculated as a percentage of the f.o.b. value subject to a specified maximum per square meter, under the Customs and Central Excise Duties Drawback Rules, 1995, with effect from 1st April, 2000.
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Drawback rate amendment revises FOB-based drawback and imposes a per-square-meter maximum cap, effective April.
Amendment to Notification No.31/1999 Customs (NT) substitutes the Table entry for Serial/Sub Serial No. 57.01 so that the drawback is calculated as a percentage of the f.o.b. value subject to a specified maximum per square meter, under the Customs and Central Excise Duties Drawback Rules, 1995, with effect from 1st April, 2000.
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