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of <h1>Customs and Central Excise Duties Drawback Rules Amended: New Rule 8A Limits Drawback to One-Third of Market Price</h1> The Central Government has amended the Customs and Central Excise Duties Drawback Rules, 1995, effective from their publication date. The amendments include the introduction of Rule 8A, which limits the drawback amount or rate to one-third of the export product's market price. Changes in Rule 12 specify that no separate rebate claim for duties on containers, packing materials, and manufacturing materials will be made under the Central Excise Rules, 2002. Amendments to Rule 16A address the requirement for exporters to provide evidence of export proceeds realization within the stipulated period under the Foreign Exchange Management Act, 1999.
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