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of <h1>Amendment to Drawback Rules 1986: File Before Export, New 2% FOB Minimum, Transitional Provisions Included.</h1> The Customs and Central Excise Duties Drawback (Amendment) Rules, 1986, effective June 1, 1986, modify the Customs and Central Excise Duties Drawback Rules, 1971. Key changes include altering the timeframe for filing applications for drawback determination from 120 days post-export to any time before export, with a proviso reducing the period from 60 to 30 days post-export. A new rule, 7A, states no drawback will be determined if it is less than 2% of the FOB value. Additionally, transitional provisions allow applications for goods exported before the amendment within specified periods.
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