TaxTMI 
TaxTMI 
Amendments effective from 1.7.2017 to the All Industry Rates of Duty Drawback and other Drawback related changes
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.... To Principal Chief Commissioners/Principal Directors General, Chief Commissioners/Directors General, Principal Commissioners/Commissioners, all under CBEC Subject: Amendments effective from 1.7.2017 to the All Industry Rates of Duty Drawback and other Drawback related changes. Madam/Sir, Your attention is invited to Notification numbers 58/2017-Cus (N.T.) & 59/2017-Cus (N.....
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....der columns (4) and (5) respectively of the Schedule of AIRs of duty drawback, subject to certain additional conditions. During the transition period, exporters can also claim Brand rate of duty/tax incidence as they have been doing earlier. The conditions imposed for claiming these composite rates aim to ensure that the exporters do not claim composite AIRs of duty drawback and simultaneously ava....
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....ates and caps given under column (6) and (7) respectively of the Schedule of AIRs of duty drawback and avail input tax credit of CGST or IGST or refund of IGST paid on exports. (b) Changes in AIRs: Based on prevailing prices of inputs and export goods, budgetary changes, representations received and keeping in mind need for removing anomalies, certain changes have been made in AIRs. These in....
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.... materials covered under chapters 56 and 95 respectively; vi. "Leggings" have been classified under tariff item 611501 instead of 610304 and 610404; and vii. Customs rates have been reduced for nickel and articles thereof covered under chapter 75. 3. Further, vide Notification no. 58/2017-Cus dated 29.6.2017, the work related to: (a) fixation of Brand rate of drawback has b....