Excise/Custom

Amendments to All Industry Rates of Duty Drawback effective from 15.07.2020

Amendments to the All Industry Rates of Duty Drawback effective from 15.07.2020

Circular No 33/2020-Customs

F. No. 609/24/2020-DBK
Government of India
Ministry of Finance,
Department of Revenue
Central Board of Indirect Taxes & Customs
 
New Delhi, dated 15th July, 2020
 
To,
All Principal Chief Commissioners / Principal Directors General,
All Chief Commissioners /Directors General, CBIC
 
Madam/Sir,

Subject: Amendments to the All Industry Rates of Duty Drawback effective from 15.07.2020

Government has made certain amendments in the All Industry Rates (AIRs) of Duty Drawback vide Notification No. 56/2020-Customs (N.T.) dated 13.07.2020. These changes are effective from 15.07.2020. The notification may be downloaded from www.cbic.gov.in and perused.
 
2. The changes made are briefly summed up as follows:
 
(a) AIRs/caps of Duty Drawback have been enhanced for the following items:
 
(i) Certain footwear items made of leather covered under Chapter 64; and
 
(ii) Gold jewellery covered under Chapter 71.
 
(b) AIRs of Duty Drawback have been rationalised for silver jewellery/articles covered under Chapter 71.
 
(c) Vinyl Sulphone Esteris currently classified for duty drawback purpose under Tariff Item (TI)292205. In light of its proper classification under Customs Tariff Heading 2930, a separate entry for Vinyl Sulphone Esteris being inserted under TI 293001.The duty drawback rate and cap amount for the item remain unchanged. The existing entry for Vinyl Sulphone Ester (TI 292205)has been deleted.
 
(d) Description of TIs 870301, 870303, 870305 and 870307 pertaining to motor cars of various engine capacities with Manual Transmission (MT) has been changed. The amended description now includes motorcars with Automated Manual Transmission (AMT) in the respective tariff items. The change in description will allow motor cars with AMT to claim the same AIRs of duty drawback as given to motor cars with MT.
 
3. Suitable Public Notice/Standing Order should be issued for guidance of the trade/field formations. Difficulties faced, if any, in implementation of the changes may be brought to the notice of the Board.
 
Yours faithfully,
 
(Gopal Krishna Jha)
Director (Drawback)
Tel: 23360581

Download Notification Click Here >>

Share

Recent Posts

  • Income Tax

Penalty u/s 270A deleted as assessee filed revised computation during scrutiny

Penalty u/s 270A deleted as assesse filed revised computation during scrutiny correcting the mistake which was noticed only after the…

17 hours ago
  • Income Tax

Penalty u/s 271B for unfilled column 40 in Tax Audit Report Form 3CD deleted by ITAT

Penalty u/s 271B for unfilled column 40 in Form 3CD related to details regarding turnover, gross profit etc. for previous…

3 days ago
  • Income Tax

Merely ex-parte rectifying computation without amending assessment order not make it nullity- ITAT

Merely rectifying computation without amending assessment order without notice to assessee does not nullify the entire assessment  - ITAT In…

6 days ago
  • Income Tax

Once assessee discharges primary onus, it shifts to AO to bring evidence to contrary – ITAT

Once assessee discharges primary onus of providing basic documents in support of the identity, genuineness and the creditworthiness it shifts…

1 week ago
  • Income Tax

Cost Inflation Index for FY/Tax Year 2026-27 notified by CBDT. See Up-to-date Table of CII

CBDT has notified Cost Inflation Index for Financial Year / Tax Year 2026-27 CBDT has notified "384" as Cost Inflation…

1 week ago
  • Income Tax

Power of CIT(A) u/s 251(1)(a) to remand case can be exercised only in best judgment assessment

Power of CIT(A) under section 251(1)(a) to remand case could be exercised only when the assessment is passed u/s 144…

1 week ago