https://www.taxtmi.com/circulars?id=54065 Revision of the All Industry Rates (AIR) updates composite and customs drawback rates, adds and rewords tariff entries, aligns legacy items with residuary rates, and introduces or adjusts drawback caps. Amendments to Drawback Rules permit provisional payment of the Customs component for brand-rate claims where exporters declare a new shipping-bill identifier and tariff item; Central Excise fixation of brand rate later determines final entitlement, with EDI and transitional procedures specified. Authorities must ensure due diligence to prevent misuse and provide public guidance. en-us Mon, 16 Nov 2015 00:00:00 +0530 Wed, 18 Nov 2015 18:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54065 Revision of the All Industry Rates (AIR) updates composite and customs drawback rates, adds and rewords tariff entries, aligns legacy items with residuary rates, and introduces or adjusts drawback caps. Amendments to Drawback Rules permit provisional payment of the Customs component for brand-rate claims where exporters declare a new shipping-bill identifier and tariff item; Central Excise fixation of brand rate later determines final entitlement, with EDI and transitional procedures specified. Authorities must ensure due diligence to prevent misuse and provide public guidance. Circulars Customs Mon, 16 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54065