CBIC publishes Revised All Industry Rates of Duty Drawback

Dec 12, 2018 | by Avantis RegTech Legal Research Team


Under the Customs Act, 1962 and the Central Excise Act, 1944 read with the Customs and Central Excise Duties Drawback Rules, 2017 and in supersession of Notification No. 89/2017-Customs (N.T.) dated the September 21, 2017, the Central Government has determined the revised rates of drawback as specified in the Schedule and subject to certain conditions.

Duty Drawbacks is a monetary rebate on goods being imported into India. If these goods are exported afterward, importers, exporters, and manufacturers are eligible for duty drawbacks. The rates of duty drawback are announced by the Central Government for various categories of goods which are indicated in the Schedule appended.

[Notification No. 95/2018-CUSTOMS (N.T.)]

 

URL: http://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2018/cs-nt2018/csnt95-2018.pdf;jsessionid=913D4496BF8A8E47E3A6EDD802AE170F


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.