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Drawback - No limit on payment if it exceeds 2% or Rs. 5000/-
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....xcise Duties Drawback Rules, 1971 or rule 8 of Customs and Central Excise Duties Drawback Rules, 1995. Instances have been brought to the notice of the Board that some Customs Houses are not allowing drawback where the drawback exceed 2% of the FOB value but it less than Rs. 5000 per shipment. This practice appears to be based on the misconception that drawback amount must always exceed Rs. 500....
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