https://www.taxtmi.com/circulars?id=62988 Amendment of Chapter 7 removes the words 'basic custom' from paragraph 7.02 and revises paragraph 7.06 to require applications in the prescribed form with supporting documents to the RA or DC for fixation of brand rate; it clarifies brand rate claims where basic customs duty paid is relied upon. It reaffirms that drawback is normally payable at the All Industry Rate where no CENVAT credit was availed by the supplier, and permits applications for brand rate where the All Industry Rate is unavailable or is less than four fifths of duties actually paid on inputs; refund of drawback on duty paid on inputs is allowed on the All Industry Rate. en-us Thu, 31 Oct 2019 00:00:00 +0530 Fri, 01 Nov 2019 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62988 Amendment of Chapter 7 removes the words 'basic custom' from paragraph 7.02 and revises paragraph 7.06 to require applications in the prescribed form with supporting documents to the RA or DC for fixation of brand rate; it clarifies brand rate claims where basic customs duty paid is relied upon. It reaffirms that drawback is normally payable at the All Industry Rate where no CENVAT credit was availed by the supplier, and permits applications for brand rate where the All Industry Rate is unavailable or is less than four fifths of duties actually paid on inputs; refund of drawback on duty paid on inputs is allowed on the All Industry Rate. Circulars DGFT Thu, 31 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62988