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of <h1>India Amends Drawback Rates for Tariff Item 5201 in Customs Notification; Changes from 1% to Nil Effective Immediately</h1> The Government of India, through the Ministry of Finance, has issued Notification No. 86/2008 - Customs (N.T.), amending a previous notification dated July 16, 2007, regarding the rates of drawback as specified in the schedule. The amendment specifically alters the rates for tariff item 5201 in Chapter 52 of the schedule, changing entries in columns 4 and 6 from '1%' to 'nil.' This change will take effect upon its publication in the official Gazette. The notification is issued under the authority of various sections of the Customs Act, Central Excise Act, and Finance Act.
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