TaxTMI 
TaxTMI 
All Industry Rates of Drawback and other Drawback related changes
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....016 (F.No. 609/83/2016- DBK), highlighting the said changes. 2. Trade and Industry, Customs brokers and other stake holders are requested to take note of the changes made in the drawback schedule and accordingly adopt the changes while filing the shipping bills under drawback claim. The drawback rates as notified vide the above mentioned notification are effective w.e.f. 15.11.2016. The same may please be viewed /downloaded from the Board's website http://www.cbec.gov.in 3. Important changes are highlighted below:- (a) AIRs have been provided to certain worked articles under chapters 45, 46 and 68; (b) Certain products, earlier with all customs AIRs, have been provided composite rates. These include rubber parts (for automobil....
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.... and inner surface area taken together is of leather. This is in the light of newer design and commercial practices; (f) Residuary rate (customs) provided to items across various chapters has been reduced from 1.9% to 1.5% and from 1.4% to 1.1%. 4. The notification also specifies the alternative AIRs on garment exports made against the Special Advance Authorization (para 4.04A of FTP 2015-20) in discharge of export obligations in terms of notification No. 45/2016- Customs dated 13.8.2016. For claiming these alternative AIRs, the relevant tariff item has to be suffixed with suffix 'C' or suffix 'D' for the situation when Cenvat facility has not been availed or when Cenvat facility has been availed, respectively, instead of the usual suf....
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....aterial specified in the tariff line, the drawback rate eligible shall be the drawback rate appropriate to the size of the master pack. 7. It is noted that field formations intermittently raise the issue of admissibility of drawback on parts of machinery under individual drawback tariff lines where the AIR is provided at 4-digit level but the 4-digit description does not specifically indicate the word "parts". The notes and conditions of the notification notifying AIRs, it is specified that the tariff items and description of goods in the Drawback Schedule are aligned with the tariff items and description of goods in the First Schedule to the Customs Tariff Act 1975 at the 4-digit level and that the general rules for interpretation of the....