Export Promotion Returns by Customs -forms Prescribed

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....bed - Rules 7(A) of Customs & Central Excise Duties Drawback Rules, 1971 - Rule 8 of the Customs and Central Excise Duties Drawback Rules, 1995. Representations have been received from the exporters of Cotton Powerloom made-ups (Bed sheets) under S. S. No. 6305 [(Old 2702(5)] of the Drawback Table where exporters' claim for drawback have not been allowed by the Customs Houses on the ground that d....

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....or 2% of the F.O.B. value, is not affected. 2. The matter has been examined by the Ministry. The rate specified under S. S. No. 6305 (Old 2705(5)) is 2% of the F.O.B. value which is subject to a maximum limit of Rs. 4.35 per piece. The specific rate under the S.S. No. 6305 (Old 2702(5)) is not repeat not the rate of drawback but a maximum limit above which the amount of drawback is not to be paid....