TaxTMI 
TaxTMI 
Amendments effective from 01.07.2017 to the All Industry Rates of Duty Drawback and other Drawback related changes
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.... 24/2017 Subject: Amendments effective from 01.07.2017 to the All Industry Rates of Duty Drawback and other Drawback related changes. Attention of all Exporters / Importers/ Custom Brokers/ Clearing Agents / Steamer Agents/ Shipping agents/ Customs Cargo Service Providers/ Trade and Industry and Public is invited to the Circular No. 22/ 2017-Cus dated 30.06.2017. 2. Your attention is also invit....
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....ue to claim the composite rates i.e. rates and caps given under 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....
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....to claim only Customs portion of AIRS of duty drawback i.e. rates 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....
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....d sports nets of other man- made textile 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. 4. Further, vide Notification no. 58/2017-Cus dated 29.6.2017, the work related to: (a) fixatio....