Drawback rates - when goods are re-exported after specified period - 027/2006 - Customs -Tariff

Drawback rates - when goods are re-exported after specified period 14 h March, 2006 Notification No. 27 /2006-Customs In exercise of the powers conferred by sub-section (2) of section 74 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No.19-Customs, dated the 6 th February, 1965, S.O. 426, dated the 6 th February, 1965, namely:- In the said notification, for the Table, the following Table shall be substituted, namely: - Table Sl. 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 but not more than twenty-one months 55% 8. More than twenty-one months but not more than twenty-four months 50% 9. More than twenty-four months but not more than twenty-seven months 45% 10. More than twenty-seven months but not more than thirty months 40% 11. More than thirty months but not more than thirty- three months 35% 12. More than thirty-three months but not more than thirty-six months 30% 13. More than thirty-six months NIL F.No.609/13/2005-DBK Sd/- (Dr. M. Subramanyam) Deputy Secretary to the Government of India Note .- The principal notification No. 19-Customs dated the 6 th February, 1965, was published vide number S.O. 426, dated the 6 th February, 1965, and was last amended by notification No: 45-Customs, dated the 2 nd May, 1970, published vide number S.O. 1542, dated the 2 nd May, 1970.