PRESS RELEASED (ALL INDIA DUTY DRAWBACK RATES REVISED 2007-08)

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....ing of Shri Saumitra Chaudhuri, Member, Economic Advisory Council to Prime Minister as Chairman, Shri S.B. Mohapatra, former Secretary, Ministry of Textiles and Shri T.R. Rustagi, former Chief Commissioner of Customs & Central Excise as Members. The Committee held extensive consultations with the various industry and trade associations and other stake holders in various locations and submitted its Report on 6.7.2007. The Government has accepted the drawback rates as suggested by the Committee. Like the previous year, the drawback rates have been determined on the basis of certain broad parameters including, inter alia, the prevailing prices of inputs, standard input/output norms (SION) published by DGFT, share of imports in the total cons....

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....and knotted woolen carpets is 12.5% with a cap of Rs.700 per sqm. as against the existing rate of 9.4% with a cap of Rs.565 per sqm. For silk carpets, the new drawback rate is 15.5% with a cap of Rs.2750 per sqm. as against the existing rate of 11.8% with a cap of Rs.1600 per sqm. The drawback rate on cotton durries is fixed at 11.5% with a cap of Rs.26/kg as against the existing rate of 9.4% with a cap of Rs.20/kg. In the ready made garment sector, the new drawback rate for knitted blouses/shirts/tops of cotton is 10% with a cap of Rs.48 per piece as against the existing rate of 7% with a cap of Rs.31 per piece. The new rate for knitted blouses/shirts/tops of man-made fibre is 11.5% with a cap of Rs.48 per piece as against the existing ra....

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....count the duty incidence and prices of inputs, the drawback rate on brass builder hardware and handicrafts of brass is being increased from 15% with a cap of Rs.75/kg to 18% with a cap of Rs.110/kg. The same is the case with artware/handicrafts of copper where the drawback rate is being increased from 15% with a cap of Rs.110/kg to 18% with a cap of Rs.155/kg. In the case of stainless steel cutlery falling under Chapter 82, the drawback rate is being increased to 17% in line with duty drawback on stainless steel utensils. The same is the case with brass hardware items and other similar items under chapter 83 where the drawback rate is being provided at 18% on par with brass handicrafts. The drawback rates on bicycles and bicycle parts ar....