https://www.taxtmi.com/circulars?id=1161 Exporters are mis-declaring Cast Alloy Permanent Magnets to wrongfully claim the All Industry Rate of Drawback though such magnets, made primarily from imported cobalt, nickel and pure iron, are eligible only for Customs allocation under General Note 17. Commissioners must verify manufacture and export by sampling or evidence, determine admissibility after officer satisfaction, and report abuses to the Drawback Directorate. en-us Fri, 02 Jul 1999 00:00:00 +0530 Mon, 21 Jul 2025 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=1161 Exporters are mis-declaring Cast Alloy Permanent Magnets to wrongfully claim the All Industry Rate of Drawback though such magnets, made primarily from imported cobalt, nickel and pure iron, are eligible only for Customs allocation under General Note 17. Commissioners must verify manufacture and export by sampling or evidence, determine admissibility after officer satisfaction, and report abuses to the Drawback Directorate. Circulars Customs Fri, 02 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1161