The Customs and Central Excise Duties Drawback Rules, 2017 and all Industry Rates (AIRs) of Drawback related changes

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....C. No. VIII/09/01/2017-Cus.Tech. Date: 25.09.2017 PUBLIC NOTICE NO. 33/2017 Subject: The Customs and Central Excise Duties Drawback Rules, 2017 and all Industry Rates (AIRs) of Drawback related changes - regarding. Attention of all the Importers, Exporters, Customs Brokers, Steamer Agents Custodians/Customs Cargo Service Providers, Trade Associations/Chamer of Commerce, Members of the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....perused for details. Some of the important changes in the Rules and AIR Schedule notification are highlighted below: (a) Definition of Drawback has been amended to provide for drawback of Customs and Central Excise duties excluding integrated tax leviable under sub-section (7) and compensation cess leviable under sub-section (9) respectively of section 3 of the Customs Tariff Act, 1975 chargeab....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rates and Notes and Conditions pertaining to CENVAT credit, rebate of Central Excise duty, etc. stand omitted. Thus, the declaration required to be given by an exporter for claiming composite rate of drawback w.e.f. 1.7.2017 as per Circular no. 32/2017-Custwns dated 27.7.2017 is no longer required w.e.f. 1.10.2017; (e) In case of AIR claim against tariff item numbers 711301, 711302 and 711401, ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e (3) of Rule 7 of the Drawback Rules, 2017. This is equivalent to the AIR corresponding to the export goods, if applicable, and subject to the same conditions as applicable to a claim for that component. The amount paid as provisional drawback under the above dispensation shall be taken into account by the Customs to authorize further provisional drawback, where necessary; (h) For fixation of ....