https://www.taxtmi.com/circulars?id=880 Where a Drawback Table entry prescribes an ad valorem rate subject to a maximum per-piece limit, the ad valorem percentage is the operative rate of drawback and the per-piece figure is a ceiling. Exporters may claim drawback computed at the ad valorem rate, and if that computation exceeds the per-piece ceiling, the payable amount must be limited to the per-piece maximum. The shipment minimum threshold that previously barred payment where total drawback fell below the floor does not apply where the ad valorem rate is specified. en-us Tue, 19 Dec 1995 00:00:00 +0530 Tue, 22 Jul 2025 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=880 Where a Drawback Table entry prescribes an ad valorem rate subject to a maximum per-piece limit, the ad valorem percentage is the operative rate of drawback and the per-piece figure is a ceiling. Exporters may claim drawback computed at the ad valorem rate, and if that computation exceeds the per-piece ceiling, the payable amount must be limited to the per-piece maximum. The shipment minimum threshold that previously barred payment where total drawback fell below the floor does not apply where the ad valorem rate is specified. Circulars Customs Tue, 19 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/circulars?id=880