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of <h1>India Revises Drawback Rates for Silk, Wool, Cotton, and More Under Notification No. 120/2007-Customs (N.T.)</h1> The Government of India has issued Notification No. 120/2007-Customs (N.T.) amending Notification No. 68/2007-Customs (N.T.) from July 16, 2007. The amendments adjust the rates of drawback for various tariff items across several chapters, including chapters 44, 50, 51, 55, 57, 74, 83, 85, and 94. Changes include updates to tariff items for products such as silk fabrics, wool, yarn, cotton rugs, copper, brass, and lamps, specifying new rates and conditions for each category. These modifications are made under the authority of the Customs Act, Central Excise Act, and Finance Act, as applicable.
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