Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Fixation of Brand Rate of Duty Drawback

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... in the Headquarters of the Commissioners of Central Excise having jurisdiction over the manufacturing unit in which the export goods are declared to have been manufactured. The brand rates are fixed after verification of data by the lower formations regarding consumption of inputs, etc. This procedure is commonly known as the Normal Scheme for fixation of brand rate. 2. In recent months a pleth .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ble to revert to the earlier system of centralising the work in the Ministry. 4. However, for expeditious disposal of brand rate applications, it has been decided to extend the facility of Revised Simplified Scheme to a selected category of exporters, namely : (a) all exporters who have an export turnover (physical exports) of Rs. 5 crores in current or preceding financial year and having a good .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... (copy enclosed) [See 2002 (144) E.L.T. T64] and the same may be perused for details. The essence of the Scheme is that drawback rates are to be fixed without pre-verification of the date (which should be duly verified and certified by the applicant and Chartered Accountant/Chartered Engineer/Cost Accountant) and the exporter would be authorised by provisional brand rate letters to claim the drawba .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ule 7 (Special Brand Rate) pending verification and fixation of brand rates. 7. In view of the importance and urgency of the matter, you may kindly launch a special drive for disposal of the pending claims immediately. In particular, you may ensure that provisional brand rate letters under the Revised Simplified Scheme are issued within a maximum period of 15 days in respect of brand rate applic .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... The matter will be reviewed by the full Board after three months……..the meanwhile, I would request you to bestow personal attention ……..ensure that the pendency is reduced to the barest minimum and more importantly, no claim remains pending for over one month. 9. Suitable Public Notices for information of the Trade and Standing Orders for guidance of the staff may be issued. Difficulties faced, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates