TMI BlogAmendments effective from 1.7.2017 to the All Industry Rates of Duty Drawback and other Drawback related changesX X X X Extracts X X X X X X X X Extracts X X X X ..... al Chief Commissioners/Principal Directors General, Chief Commissioners/Directors General, Principal Commissioners/Commissioners, all under CBEC Subject: Amendments effective from 1.7.2017 to the All Industry Rates of Duty Drawback and other Drawback related changes. Madam/Sir, Your attention is invited to Notification numbers 58/2017-Cus (N.T.) 59/2017-Cus (N.T.), both dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and (5) respectively of the Schedule of AIRs of duty drawback, subject to certain additional conditions. During the transition period, exporters can also claim Brand rate of duty/tax incidence as they have been doing earlier. The conditions imposed for claiming these composite rates aim to ensure that the exporters do not claim composite AIRs of duty drawback and simultaneously avail input tax cr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iven under column (6) and (7) respectively of the Schedule of AIRs of duty drawback and avail input tax credit of CGST or IGST or refund of IGST paid on exports. (b) Changes in AIRs: Based on prevailing prices of inputs and export goods, budgetary changes, representations received and keeping in mind need for removing anomalies, certain changes have been made in AIRs. These interalia include ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... espectively; vi. Leggings have been classified under tariff item 611501 instead of 610304 and 610404; and vii. Customs rates have been reduced for nickel and articles thereof covered under chapter 75. 3. Further, vide Notification no. 58/2017-Cus dated 29.6.2017, the work related to: (a) fixation of Brand rate of drawback has been transferred from Central Excise formations to Customs ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he jurisdictional Central Excise Commissionerates shall continue to discharge Customs functions as required under the Drawback Rules 1995. 4. It is requested that the changes effected vide aforesaid notifications be gone through carefully. Suitable public notice and standing order should be issued for guidance of the trade and officers. 5. Any inconsistency, error or difficulty faced should ..... X X X X Extracts X X X X X X X X Extracts X X X X
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