Notifying All Industry Rates (AIR) of Duty Drawback w.e.f. 22.11.2014
Show AI Summary
Duty drawback rates notified for exports, setting eligibility, classification rules, caps and procedural conditions effective November 2014.
Notification prescribes All Industry Rates (AIR) of Duty Drawback effective 22 November 2014, specifying ad valorem and unit rates with per unit caps in an annexed Schedule, aligning tariff items at the four digit level, and setting classification rules, inclusions for packing, procedural requirements for claiming drawback, conditions when Cenvat has not been availed, composite article valuation by net content declaration, and multiple exclusions where duty exemption, rebate or bonded manufacture applies.