Amendments effective from 1.7.2017 to the All Industry Rates of Duty Drawback and other Drawback related changes

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....ments 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. There notifications relate to changes in the provisions of t....

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....ng 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 Tax (CGST) or Integrated Goods and Services Tax (IGST) on the export goods ....

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....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 54 and 55 are treated as dyed; ii. Customs rates and caps have been increased for c....

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....ed 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) supplementary claims of Drawback are now to be dealt only be Customs formations. For this purpose, reference to Central Excise formations ....