https://www.taxtmi.com/circulars?id=55012 Revision of All Industry Rates (AIRs) of Drawback effective 15 November 2016 revises tariff coverage, creates separate tariff lines for better product differentiation, converts certain items to composite rates, and reduces residuary customs rates. It prescribes alternative AIR suffixes for garment exports under Special Advance Authorization, aligns provisional drawback payments with the customs component of AIR subject to existing claim conditions, and deletes the sub rule that imposed a minimum monetary threshold for AIR or Brand Rate drawback. Administrative safeguards and trade facilitation measures are directed to prevent misuse and invite submissions for review of residuary rates. en-us Mon, 31 Oct 2016 00:00:00 +0530 Sat, 05 Nov 2016 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55012 Revision of All Industry Rates (AIRs) of Drawback effective 15 November 2016 revises tariff coverage, creates separate tariff lines for better product differentiation, converts certain items to composite rates, and reduces residuary customs rates. It prescribes alternative AIR suffixes for garment exports under Special Advance Authorization, aligns provisional drawback payments with the customs component of AIR subject to existing claim conditions, and deletes the sub rule that imposed a minimum monetary threshold for AIR or Brand Rate drawback. Administrative safeguards and trade facilitation measures are directed to prevent misuse and invite submissions for review of residuary rates. Circulars Customs Mon, 31 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55012