TMI BlogPRESS RELEASED (ALL INDIA DUTY DRAWBACK RATES REVISED 2007-08)X X X X Extracts X X X X X X X X Extracts X X X X ..... ack rates, consisting of Shri Saumitra Chaudhuri, Member, Economic Advisory Council to Prime Minister as Chairman, Shri S.B. Mohapatra, former Secretary, Ministry of Textiles and Shri T.R. Rustagi, former Chief Commissioner of Customs Central Excise as Members. The Committee held extensive consultations with the various industry and trade associations and other stake holders in various locations and submitted its Report on 6.7.2007. The Government has accepted the drawback rates as suggested by the Committee. Like the previous year, the drawback rates have been determined on the basis of certain broad parameters including, inter alia, the prevailing prices of inputs, standard input/output norms (SION) published by DGFT, share of imports ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rawback rate for hand knotted woolen carpets is 12.5% with a cap of Rs.700 per sqm. as against the existing rate of 9.4% with a cap of Rs.565 per sqm. For silk carpets, the new drawback rate is 15.5% with a cap of Rs.2750 per sqm. as against the existing rate of 11.8% with a cap of Rs.1600 per sqm. The drawback rate on cotton durries is fixed at 11.5% with a cap of Rs.26/kg as against the existing rate of 9.4% with a cap of Rs.20/kg. In the ready made garment sector, the new drawback rate for knitted blouses/shirts/tops of cotton is 10% with a cap of Rs.48 per piece as against the existing rate of 7% with a cap of Rs.31 per piece. The new rate for knitted blouses/shirts/tops of man-made fibre is 11.5% with a cap of Rs.48 per piece as again ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ls. Taking into account the duty incidence and prices of inputs, the drawback rate on brass builder hardware and handicrafts of brass is being increased from 15% with a cap of Rs.75/kg to 18% with a cap of Rs.110/kg. The same is the case with artware/handicrafts of copper where the drawback rate is being increased from 15% with a cap of Rs.110/kg to 18% with a cap of Rs.155/kg. In the case of stainless steel cutlery falling under Chapter 82, the drawback rate is being increased to 17% in line with duty drawback on stainless steel utensils. The same is the case with brass hardware items and other similar items under chapter 83 where the drawback rate is being provided at 18% on par with brass handicrafts. The drawback rates on bicycles an ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... em, the shipping bill itself is treated as the claim for drawback. The drawback claim is processed on line and the amount is credited into the exporter's account in the bank designated by the Customs immediately after "let export order" and filing of manifest by the carrier without any additional paper work. Commissioners have also been instructed to ensure that all grievances or problems raised by exporters on drawback claims are addressed within 72 hours and, if this is not possible in any case, to bring the matter to the notice of Member (Customs/Export Promotion) in CBEC. Exporters may also bring any delay beyond 72 hours to the notice of Member (Customs/Export Promotion)." BSC/RP/GN-311/07 - Circular - Trade Notice - Public Notic ..... X X X X Extracts X X X X X X X X Extracts X X X X
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