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TMI BlogAll Industry Rates of Duty DrawbackX X X X Extracts X X X X X X X X Extracts X X X X ..... criptions of goods in the said Schedule are aligned with the tariff items and descriptions of goods in the First Schedule to the Customs Tariff Act, 1975(51 of 1975) at the four-digit level only. (2) The General Rules for the Interpretation of the First Schedule to the said Customs Tariff Act, 1975 shall mutatis mutandis apply for classifying the export goods listed in the said Schedule. (3) Notwithstanding anything contained in the said Schedule, all artware or handicraft items shall be classified under the heading of artware or handicraft (of constituent material) as mentioned in the relevant Chapters. (4) Drawback at the rates specified in the said Schedule shall be applicable only if the procedural requirements for claiming drawback as specified in rules 11, 12 and 13 of the said rules, unless otherwise relaxed by the competent authority, are satisfied. (5) The rates of drawback specified in the said Schedule shall not be applicable to export of a commodity or product if such commodity or product is- (a) manufactured partly or wholly in a warehouse under section 65 of the Customs Act, 1962 (52 of 1962); (b) manufactured or exported in discharge of export obligation agai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e basis of a self-declaration to be furnished by the exporter to this effect and in cases of doubt or where there is any information contrary to the declarations, the proper officer of customs shall cause a verification of such declarations. (10) The term article of leather in Chapter 42 of the said Schedule shall mean any article wherein 60% or more of the outer visible surface area (excluding shoulder straps or handles or fur skin trimming, if any) is of leather notwithstanding that such article is made of leather and any other material. (11) The term dyed in relation to fabrics and yarn of cotton, shall include bleached or mercerized or printed or mlange. (12) The term dyed in relation to textile materials in Chapters 54 and 55, shall include printed or bleached. CBEC has issued Circular No. 13 /2008-Cus. (F.NO. 609/40/2008-DBK) Dated 29th August, 2008 highlighting the important changes in the revised drawback schedule. The same is hereby brought to notice of general trade as below. i). Like in previous years, the drawback rates have been determined on the basis of certain broad parameters including, inter alia, the prevailing prices of inputs, standard input/output norm ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Staple Fibres: In the case of synthetic / artificial filament yarn (Chapter 54), only customs component of Drawback rates has been prescribed. The drawback rate for Synthetic Filament Yarn now is 2.2% (grey) / 2.6% (dyed) and for artificial filament yarn 2.1% (grey) / 2.5% (dyed) as against the earlier customs rate of 3% (grey) / 3.5% (dyed) for both types of filament yarn. In the case of woven fabrics of synthetic filament yarn, the new drawback rate is 8.4% (grey) / 9.4% (dyed). Insofar as synthetic / artificial fibres (Chapter 55) are concerned, again only the customs component of drawback rates has been fixed. The new drawback rate is 2.4% for synthetic staple fibres and 2% for artificial staple fibres. In the case of yarn of synthetic staple fibres, the rates fixed are 10.2% (grey) and 12.1% (dyed). In case of woven fabrics of synthetic staple fibres and/ or man-made filament yarn falling under drawback schedule tariff item 5515 the new rates are 9.2% (grey)/10.3%(dyed). e) Carpets and Floor Coverings: The new drawback rate for hand knotted woolen carpets is 11% with a cap of ₹ 616 per sqm. as against the earlier rate of 13.3% with a cap of ₹ 745 per sqm. For sil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rness and saddlery made of leather or non leather including textiles or synthetic materials with a rate of 8.6% with a cap of ₹ 90 per pc. iii) Base Metals and Articles of Base Metals (Chapters 72-83) a) The drawback rates on semi-finished steel, flat rolled products and bars and rods of stainless steel and other alloy steels has been reduced from 2% to 1% (Customs component). b) In Chapter 74 (Copper and Articles thereof), the drawback rates on copper cathodes, wire bars and rods have not undergone any change. The drawback rate on brass builder hardware and handicrafts of brass has been decreased from 18% with a cap of ₹ 135/kg to 15% with a cap of ₹ 113/kg. The same is the case with artware/handicrafts of copper where the drawback rate has been decreased from 18% with a cap of ₹ 180/kg to 15% with a cap of ₹ 150/kg. c) In the case of stainless steel cutlery falling under Chapter 82, the drawback rate has been decreased to 12.5% in line with duty drawback on stainless steel utensils. The drawback rate on brass hardware items and other similar items under chapter 83 has also been decreased to 15% on par with brass handicrafts. iv) Machinery a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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