Duty Drawback - All Industry Rates of Drawback effective from 1.6.99-Instructions regarding

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....9-Instructions regarding. The Ministry have announced the new All Industry Rates of Drawback vide Notification No. 31/99-Customs (N.T.) dated 20.5.99. These rates will come into effect from 1.6.99. Till such time, the existing rates of drawback will continue to apply. A copy of the Press Note issued is enclosed highlighting the important changes made in the Drawback Table, which are as under. ....

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....roducts have been revised downwards to reduction in duty incidence consequent upon rationalisation of Central Excise duties in the recent Budget. 8. Maximum value cap has been imposed on 131 products including Bicycle & Bicycle Parts, Pen & Pen Parts, Ready Made Garments, Brass Artwares and Brass Builder Hardware, Leather Products, Perfumed Aggarbatis, etc. 9. To ensure smooth and accurate p....

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....vised Customs & Central Excise Duties Drawback Rules, 1995, issued under Customs Notification No. 37/95-Customs (N.T.) date 26.5.99. The time-limit of 3 months mentioned in Rule 13(4) ibid has been revised to two months in consonance with amendment in this regard in Section 75A of the Customs Act, 1962. The Changes effected may please be given wide publicity through issuance of suitable Public ....