Amends notification no. 19 dated 2-6-1965 - prescribes percentage of import duty to paid as drawback when goods exported after use - 023/2008 - Customs -Tariff

NOTIFICATION No.23/2008-Customs New Delhi , the 1st March, 2008 11 Phalguna, 1929 (Saka) G.S.R. (E).- In exercise of the powers conferred by sub-section (2) of section 74 of the Customs Act, 1962 (52 of 1962), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 19-Customs, dated the 6th February, 1965 , which was published in the Gazette of India vide S.O. 426 of the same date, namely:- In the said notification,- (i) in the preamble, for the word, brackets and number "column (2)", the word, brackets and number "column (3)" shall be substituted; (ii) for the TABLE, the following TABLE shall be substituted, namely:- " TABLE S. No. Length of period between the date of clearance for home consumption and the date when the goods are placed under Customs control for export Percentage of import duty to be paid as Drawback (1) (2) (3) 1. Not more than three months 95% 2. More than three months but not more than six months 85% 3. More than six months but not more than nine months 75% 4. More than nine months but not more than twelve months 70% 5. More than twelve months but not more than fifteen months 65% 6. More than fifteen months but not more than eighteen months 60% 7. More than eighteen months Nil"; (iii) after the TABLE, the first proviso shall be omitted; [F.No.334/1/2008-TRU] (S. Bajaj) Under Secretary to the Government of India Note: The principal notification No.19-Customs, dated the 6th February, 1965 was published in the Gazette of India, vide S.O. 426, dated the 6th February, 1965 and was last amended vide notification No.27/2006-Customs, dated the 14th March, 2006 which was published vide number S.O. 324 (E), dated the 14th March, 2006.