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TaxTMI 
TaxTMI 
Procedure for verification of brand rate applications against export of Processed fabrics & garments
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....t of Processed fabrics & garments. A number of discrepancies have since been observed by Drawback Directorate in the brand rate applications submitted by the exporters and verification reports carried out by field formations in regard to reimbursement of yarn duty against export of processed fabrics & garments. 2. The relevant issues have been examined in the Board and the following decisions ha....
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....the said jurisdictional formation of the processor. It should be independent of a Chartered Engineer's/Chartered Accountant's Certificate or the Standard Input-Output Norms notified by DGFT. ii. Verification report shall clearly indicate the names of processors and weavers and the quantities processed/woven by each of them. iii. The exporter must declare the precise composition and blend of fa....
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....arn for ultimate consumption in the export product. v. The disclaimer certificates, wherever submitted, should be neatly prepared on proper letter heads of the issuing firm, clearly indicating complete address and telephone numbers of the issuing firm, and must be signed by a responsible officers clearly indicating his name as well as designation. The same should be properly verified by the Veri....
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....t of time bar alongwith the copy of the application may be sent to Drawback Directorate for issuing the necessary rejection letter- In case certain shipping bills/period is time barred, the same should also be clearly indicated in the verification report. ix. A brand rate application is complete only if submitted alongwith completed DBK- I/II/III statements alongwith DBK-IIA/DBK-IIIA statements ....