TaxTMI 
TaxTMI 
Introduction of new entries in the Drawback Schedule and clarification on certain issues-reg.
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....cing the following new entries in the present Drawback Schedule:- a) Gold and silver jewellery (711301 & 711302); b) Rounder's bat, wooden (sports goods) (95069963); c) Bells, gongs, statuettes, ornaments, picture frames etc of Aluminium and Iron & steel (830603 & 830604); d) Leather Safety Footwear with protective metal toe (640311); e) Jars, perfume bottles, candle plate/ coasters, vot....
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....he quality of gold/silver and the quantum of gold/silver in the exported items. It may be noted that the drawback rate provided for gold & silver jewellery is a specific rate in terms of rupees per unit weight of net content of gold/silver in the jewellery. The drawback rates for gold & silver jewellery are equal to the prevalent import duty on gold/silver. 4. The drawback rates provided for gol....
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....re frames etc of Aluminium and Iron & steel; Jars, perfume bottles, candle plate/coasters, votive, lotion bottle/soap dish, ornamental spheres/ stars/ bells made of glass; and Lanterns/ lamps made predominantly of glass are the same as the drawback rates presently applicable to artware/handicraft items made of the respective constituent material. The new entries have been created with a view to mi....
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....s being classified under heading 5810 of the drawback schedule at some ports. The drawback rate applicable on embroidery under heading 5810 of the drawback schedule is at 5.7% with cap of Rs. 25.2/kg. On the other hand, the drawback rate for silk fabric falling under heading 500701 of the drawback schedule is 9.8% with cap of Rs. 295/kg. The issue has been examined by the Board. The drawback rates....