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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....e: 27-10-2017 PUBLIC NOTICE. 65/2017 Subject: Amendments effective from 1.7.2017 to the All Industry Rates of Duty Drawback and other Drawback related changes. Attention of all Exporters/Customs Brokers are invited to Board's circular no.22/2017 dated 30.06.2017 and notification numbers 58/2017-cus (N.T.) & 59/2017- Cus (N. T) both dated 29.6.2017, which are effective from 1.7.2017. T....
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....e 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 exporter; do not claim composite AIRS of duty Drawback and simultaneously avail input tax credit of Central Goods and Services T....
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....ing prices of inputs and export goods, budgetary changes, representations received and keeping in mind need for removing anomalies, certain changes have been made in Al(Rs. These interalia include- i. Para (17) of Notes and Conditions Notification No. 131/2016-Cus (N.T.) dated 31.10.2016 has been amended to include the word "melange" so that melange textile materials covered in chapters 5....
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....nd 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 been transferred from Central Excise formations to Customs formations having jurisdiction over place of export. A separate circular is being issued to explain various related provisions, procedures, etc. (b)....