Custom

Revised drawback rebate rates-State Levies on Garments Export. Custom Circular and Ministry of Textile Notification

Revised drawback rebate rates-State Levies on Garments Export. Custom Circular and Ministry of Textile Notification

Circular No. 51/2016-Customs

F.No.609/75/2016-DBK
Government of India
Ministry of Finance,
Department of Revenue
Central Board of Excise and Customs
Drawback Division

New Delhi, dated 09 November, 2016

To
All Pr. Chief Commissioners / Pr. Directors Generals of CBEC,
All Chief Commissioners / Directors General of CBEC,
All Pr. Commissioners / Commissioners of CBEC,
Director General of Systems & Data Management
Principal Chief Controller of Accounts, CBEC

Madam/Sir,

Subject: – Rebate of State Levies on Export of Garments- revised rates regarding.

Attention is drawn to Ministry’s Circular Nos.43/2016-Customs dated 31.08.2016 and 47/2016-Customs dated 20.10.2016 regarding implementation of the Scheme for Rebate of State Levies on Export of Garments, 2016 (ROSL Scheme) notified by the Ministry of Textiles.

2. Now the Central Government (Ministry of Textile) has issued Notification No. 12020/03/2016-IT dated 04.11.2016 revising rates of rebate in Schedule I and Schedule II for the ROSL Scheme effective from “the date the Ministry of Finance (Department of Revenue) Notification No. 110/2015-Customs (NT) dated 16.11.2015 stands superseded with revised rates of drawback determined by the Central Government”. This notification may be downloaded from website egazette.nic.in and perused.

3. Accordingly, these revised rates on garment exports under ROSL Scheme are applicable to exports with Let Export Order dates from 15.11.2016 onwards which is the same date the revised AIRs of Drawback in terms of Notification No. 131/2016- Customs (N.T.) take effect for implementation. The EDI implementation of the revised ROSL Scheme rates is being undertaken by the Systems Directorate.

(Dinesh Kumar Gupta)
Director
Tel: 23360581

Share

Recent Posts

  • Income Tax

Not making available material forming basis of reopening shows AO had prejudged the issue

AO stating that material forming basis of reopening shall be disclosed at the stage of assessment/re-assessment, indicates that the AO…

3 hours ago
  • Income Tax

Reopening conclusion that assessee was “Non-Filer” was non-application of mind – High Court

Reopening conclusion that assessee was “Non-Filer” despite assessee clearly stating in reply that he had filed ITR was non-application of…

4 hours ago
  • Income Tax

HC declined to allow voluminous documents physically in Faceless Assessment

High Court declined to allow production of physical documents by in Faceless Assessment simply because they were voluminous In a…

23 hours ago
  • Income Tax

Prima facie satisfaction u/s 148 can not be a non-existing or incorrect information

The prima facie satisfaction u/s 148 cannot be stretched to a non-existing information or incorrect information - ITAT In a…

2 days ago
  • SEBI

Mutual Funds to value physical Gold and Silver by using the polled spot prices

Mutual Funds to value physical Gold and Silver by using the polled spot prices published by the recognized stock exchanges…

2 days ago
  • bankruptcy

SC allows simultaneous CIRP proceedings against principal debtor & corporate guarantor

Supreme Court allows simultaneous CIRP proceedings against principal debtor and its corporate guarantor, declines to frame any guidelines In a…

2 days ago