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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....: Amendments effective from 1.7.2017 to the All Industry Rates of Duty Drawback and other Drawback related changes. 1. Attention of the Trade is invited to Board's Circular No. 22/2017-Customs issued vide F. No. 609/46/2017-DBK dated 30.06.2017. 2. Attention is invited to Notification numbers 58/2017-Cus (N.T.) & 59/2017-Cus (N.T.), both dated 29.6.2017, which are effective from 1.7.2017....
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....IRS 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 avail input tax credit of Central Goods and Services Tax (CG....
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.... 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 interalia include - i. Para (17) of Notes and C....
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....ly; 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 there of covered under chapter 75. 4. Further, vide Notification no. 58/2017-Cus dated 29.6.2017, the work related to: (a) Fixation of Brand rate of drawback has been transferred from Central Excise formations ....