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Drawback - No limit on payment if it exceeds 2% or Rs. 5000/-

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....stoms 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. 5000, Rule 7A of the Customs and Central Excise Duties....

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Drawback - No limit on payment if it exceeds 2% or Rs. 5000/-