TMI BlogAll Industry Rates of Duty Drawback effective 22.11.2014 - Reg.X X X X Extracts X X X X X X X X Extracts X X X X ..... otified revised All Industry Rates (AIR) of Duty Drawback vide Notification No. 110/2014- Customs (N.T.), dated 17.11.2014 . This notification comes into force on 22.11.2014. 2. Some of the broad aspects, from amongst the changes notified with respect to AIR of duty drawback and entries in the Schedule, are the following (a) As before, the drawback rates have been determined on the basis of certain broad average parameters including, inter alia, prevailing prices of inputs, input output norms, share of imports in input consumption, the applied rates of central excise and customs duties, the factoring of incidence of service tax paid on taxable services which are used as input services in the manufacturing or processing of export go ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... herto residuary rate of 1% (composite) and 0.3% (Customs) is changed to 1% (composite) and 0.15% (Customs). Further existing residuary rates of 1.3% and 1.7%, have been increased to 1.4% and 1.9%, respectively, with some exceptions. (g) In chapter 57 , the six digit tariff item (TI) under 5705 have been changed to refer to the composition of fibre as is under other four digit tariff items. Further, all caps have been made on the basis of per sq.mtr instead of earlier per kg (for some items) in the chapter. (h) Several entries have been modified /amended to address issues brought to Ministry s notice. Laptop bags and shopping bags have been specifically mentioned at six digit level below TI 4202. Cami has been included with wome ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7% has been provided for all agricultural machinery etc. of TI 8432 . (k) AIR has been fixed as ₹ 219.9/gm for gold jewellery /parts and ₹ 3112.5/kg for silver jewellery /articles. Guar Gum has been provided ad valorem rate (composite) of 0.75% with a cap of ₹ 1270 per MT. (l) Note/Condition (20) in the AIR Notification specifies that shirts shall include shirts with hoods . Similarly, Note (25) specifies that vehicles of Chapter 87 shall comprise completely built unit or completely knocked down (CKD) unit or semi knocked down (SKD) unit. 3. It has been made explicit that where the claim for duty drawback is filed with reference to the rate in the AIR Schedule, an application for fixation of Brand Rate und ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6. It is requested to download the notifications from the Board s website (www.cbec.gov.in) and carefully peruse them and thereby take note of all the specific changes notified. 7. With trade facilitation in view, tenure of the Drawback Committee constituted by Central Government has been temporarily extended. Therefore, if any inconsistency or error is noticed or difficulty faced, the Board may be apprised so that the appropriate action can be initiated. 8. Suitable public notice and standing order may also be issued for guidance of the trade and officers. (Rajiv Talwar) Joint Secretary to the Government of India - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagem ..... X X X X Extracts X X X X X X X X Extracts X X X X
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