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

Allowability of depreciation on highway project awarded on DBOT basis

ITAT allows depreciation on highway project awarded on DBOT basis In a recent judgment, ITAT Delhi allows depreciation on highway…

4 hours ago
  • Income Tax

Once assessee satisfies conditions u/s 270AA, AO is bound to grant immunity

Once assessee satisfies conditions mentioned in section 270AA, the Assessing Officer would be bound to grant immunity In a recent…

6 hours ago
  • CA CS CMA

NTPC invites applications from CA/CMA as Executive Trainee. Last date: 27.01.2026

NTPC invited applications from CA/CMA as young professionals to join NTPC Projects/Stations as Executive Trainee, Finance. NTPC Limited has invited…

7 hours ago
  • GST

Allahabad HC disposes GST appeals as functioning of GST Tribunal put to motion

Allahabad High Court disposes GST appeals observing that the functioning of GST Appellate Tribunal are put to motion Allahabad High…

7 hours ago
  • Income Tax

Date of dispatch of notice as per ITBA portal and date of email may not be same – ITAT

Date of dispatch of notice as per ITBA portal and date of communication by email may not necessarily be the…

8 hours ago
  • GST

Assignment of leasehold rights not amount to supply of service under GST Act.

In a recent judgment, Bombay High Court held that assignment of leasehold rights for consideration would not amount to supply…

11 hours ago