India Revises Duty Drawback Rates to Boost Export Competitiveness and Improve Trade Balance.

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....AIRs of Duty Drawback - Customs Notification No. 33/2024 signifies a thoughtful recalibration of All Industry Rates of Duty Drawback of various items. Moreover, by revising the drawbacks related to the export of specific goods, the government appears to be incentivizing the export of goods where India might have a competitive advantage, potentially improving trade balances.....