https://www.taxtmi.com/circulars?id=66918 The Notification revises All Industry Rates (AIRs) of duty drawback, prescribing AIRs and applicable caps in the Schedule and requiring tariff items to be suffixed with 'B' (or 'D' for specified Special Advance Authorization apparel claims). Rates have been increased or rationalized across multiple chapters due to changes in duties, input CIF prices, FOB values and import intensity; new tariff items and description refinements are introduced and caps set or adjusted. Commissioners must ensure due diligence, scrutinize shipping bill declarations to prevent misuse or excess drawback, monitor changed-cap items for valuation trends, and report issues to the Board. The General Clauses Act interpretation confirms that tariff item 610902 covers cotton blends with multiple manmade fibres. en-us Thu, 26 Oct 2023 00:00:00 +0530 Thu, 26 Oct 2023 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66918 The Notification revises All Industry Rates (AIRs) of duty drawback, prescribing AIRs and applicable caps in the Schedule and requiring tariff items to be suffixed with 'B' (or 'D' for specified Special Advance Authorization apparel claims). Rates have been increased or rationalized across multiple chapters due to changes in duties, input CIF prices, FOB values and import intensity; new tariff items and description refinements are introduced and caps set or adjusted. Commissioners must ensure due diligence, scrutinize shipping bill declarations to prevent misuse or excess drawback, monitor changed-cap items for valuation trends, and report issues to the Board. The General Clauses Act interpretation confirms that tariff item 610902 covers cotton blends with multiple manmade fibres. Circulars Customs Thu, 26 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66918