Duty Drawback -All Industry rates of Drawback, effective from 23.10.1996

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....1996 The Ministry has announced new All Industry rates of Drawback effective from 23.10.1996, vide Notification No. 49/96-Cus. (NT), dated 22.10.1996. 2. As a part of on- going exercise of simplification of Customs procedure relating to exports as well as entries in the Drawback Table, they have been amended so as to redesigned the entries in 7 digits to provide expanded description of expor....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....porters. For instance, a single rate of drawback on export of ready made garments manufactured out of all types of woven fabrics and ready-made garments made out of all types of knitted fabrics have been provided. Like-wise rates for such garments as well as all other made-up articles of over invoicing of export of these garments. Similar cap has been imposed in respect of 100% polyester filament ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....then 1% of f.o.b. value of export. It has also been decided to extend the simplified scheme for payment of Brand Rates of Drawback to registered partners, ship firms in addition to limited companies who were hitherto availing this facility. 8. Net effect of the changes made in the Drawback Table will be as under :- 1. 16 new export products have been added. 2. On 402 export pr....