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Drawback on cotton power loom made ups permissible
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....s have been prescribed - Rules 7(A) of Customs & Central Excise Duties Drawback Rules, 1971- Rule 8 of the Customs and Central Excise Duties Drawback Rules, 1995. Representations have been received from the exporters of Cotton Power loom made-ups (bed sheets) under S.S. No. 6305 (Old 2702(5)) of the Drawback Table where exporters' claim for drawback have not been allowed by the Customs Hous....
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.... to less than Rs. 5000/-or 2% of the F.O.B. value, is not affected. 2. The matter has been examined by the Ministry. The rates specified under S.S.No. No. 6305(Old 2702(5)) is 2% of the F.O.B. value which is subject to a maximum limit of Rs. 4.35 per piece. The specific rate under the S.S. No. No. 6305 (Old 2702(5)) is not repeat not the rate of drawback but maximum limit above which the amount....