Drawback threshold change lowers the exemption limit while excluding advance licence and postal exports from relief. Amendment to the Customs and Central Excise Duties Drawback Rules, 1995 substitutes the words in rule 8(1) reducing the monetary limit from five thousand rupees to five hundred rupees under powers of section 75 of the Customs Act, 1962 and section 37 of the Central Excises and Salt Act, 1944, and provides that this substituted sub rule shall not apply to drawback on exports made to discharge export obligations under an Advance Licence or to exports made by post.
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Provisions expressly mentioned in the judgment/order text.
Drawback threshold change lowers the exemption limit while excluding advance licence and postal exports from relief.
Amendment to the Customs and Central Excise Duties Drawback Rules, 1995 substitutes the words in rule 8(1) reducing the monetary limit from five thousand rupees to five hundred rupees under powers of section 75 of the Customs Act, 1962 and section 37 of the Central Excises and Salt Act, 1944, and provides that this substituted sub rule shall not apply to drawback on exports made to discharge export obligations under an Advance Licence or to exports made by post.
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