Drawback – A.I. rates effective from 1.6.2000 – instructions regarding

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....om 1.6.2000 - instructions regarding The Ministry has announced the new All Industry Rates of Drawback vide Notification No. 41/2000-Customs (NT) dated 1.6.2000. These rates will come into effect from 1.6.2000. The old drawback rates would be applicable till 31.5.2000. Following are the significant features of the new Drawback Table:- i. This year 9 new entries have been introduced whi....

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....ntained at the existing level. iv. The drawback rates pertaining to 270 entries have been revised downwards to reflect the lower incidence of duties ensuring from rationalisation of Central Excise duties/Customs duties, i..e., reduction of peak rate of Customs duty to 35% from 40% earlier, and also reduction in Central Excise duties/Customs duties, i.e., reduction of peak rate of Customs ....

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.... anomalies existing in the earlier Table. viii. A new entry SS No. 63.062 has been created with a drawback rate of 5% of f.o.b. to distinguish 'Undyed Madeups (Other than Handloom Madeups)' from the existing SS No. 63.061 relating to ALI Other Madeups which shall be applicable to Dyed Madeups (Other than handlooms). ix. The drawback rates in respect of SS Numbers covering Bicycle....