Fixation of brand rate of Drawback without pre-verification - Simplified procedure - Extension of the scheme

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ion of the scheme to other exporters "The Simplified brand Rate Fixation Scheme" under which brand rates of drawback can be determined without pre- verification of date was announced vide this Ministry's letter F.No. 609/113/88- DBK dated 11.10.88. Application form and statements were also enclosed with the Ministry's said letter. To begin with, the scheme was applicable to manufacturer -....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....o checking by the Department for its authenticity and the rates fixed are also subject to revision on the basis of such post-cacto verification. 2. The Scheme was further extended to manufacturers who are exporting through merchant exporters in terms of Ministry's letter No. 609/188/92-DBK dated 1.10.92 By further letter of same number dated 7th Dec., 1992, the scheme was extended to all sect....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nkers confirming the location of the manufacturing premises, their having an account with the bank for atleast one year and that the bank is satisfied about the financial soundness of the applicant's firm. 4. All registered partnership firms opting to avail the benefit of Simplified scheme for fixation of brand rate shall also be governed by all other conditions of the scheme, including execu....