Revision of All Industry Rates (AIRs) of Duty Drawback

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....incipal Directors General, All Chief Commissioners / Directors General, CBIC Subject: Revision of All Industry Rates (AIRs) of Duty Drawback. Madam/Sir, Government has notified the revised rates of Duty Drawback, also referred to as All Industry Rates (AIRs), vide Notification No. 07/2020-Customs (N.T.) dated 28.01.2020 which will come into force on 04.02.2020. The notification may ....

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....al Advance Authorization Scheme (para 4.04A of Foreign Trade Policy 2015-20) in terms of Notification No. 45/2016-Customs dated 13.08.2016. For claiming the alternative AIR, the relevant tariff item has to be suffixed with suffix 'D' instead of the usual suffix 'B' mentioned above.; (iii) AIRs of Duty Drawback have been increased for certain items pertaining to marine products and seafood....

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....uts etc.; (v) 31 new tariff items have been introduced in the Schedule pertaining to sectors viz. chemicals (18 items), textiles and readymade garments (6 items), leather articles and footwear (6 items) and glass handicraft/ art ware (1 item). Descriptions of three tariff items in Chapters 42 viz. TIs 42020102, 42020204 and 42020302 have been revised for better product differentiation; ....

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....red to be sensitive should be handled with adequate care at the time of export. There is also need for continued scrutiny so as to prevent any excess drawback arising from mismatch of declarations made in the Item Details and the Drawback Details in a shipping bill. 4. Close watch should also be kept by the field formations regarding any changing trend of export valuation or drawback outgo in r....