The Synthetic & Rayon Textiles Export Promotion Council

Review of All Industry Rates of Duty Drawback for 2016

Circular No.ES/ 7 /2016-17                                                                                April 11, 2016

To: Members of the Council

Sub: Review of All Industry Rates of Duty Drawback for 2016.

Dear Member,

As you are aware, the Department of Revenue, Ministry of Finance, annually reviews the All Industry Rates of Duty Drawback. You are also aware that the Council prepares and sends detailed proposal to the Ministry of Finance for fixation of the Drawback rates based on inputs received from its members.

The Department of Revenue has sought proposals from the Council for the fixation of new All Industry Rates of Duty Drawback for the year 2016 for Manmade fibre textiles products covered under Chapter 54 to 63 of the Drawback Schedule.  

You are therefore, requested to please send us the required details duly filled in; in the prescribed 5 parts viz. (i) Proforma I - (A) (ii) Proforma I - (B) (iii) Proforma II (iv) Proforma III (v) Proforma IV, which can be downloaded (pdf)/(doc). Also, please substantiate the data provided by you with regard to the export prices, domestic & import prices of inputs used in the export product by furnishing copies of the relevant documents such as Shipping Bills, Bills of Entry and the Central Excise Invoices etc. This is very essential for calculations of Drawback.

In this regard, please note as under:

  1. The data pertaining to export prices and various input(s)/service(s) which are used in the manufacture of export product should be of the fourth quarter of 2015-16 (Jan to March 2016).
  2. The data should be duly certified by the Chartered Accountant/Cost Accountant.

Since the Drawback Department Ministry requires the Calculated Drawback Rates at the earliest, we request you to send us your inputs urgently by E-mail/Courier/Fax on or before 22nd April, 2016 positively (at es@srtepc.in).

We solicit your support and co-operation in this important matter and look forward to receive the required information at the earliest. Needless to say that your diligent information in this regard will help us to provide enhanced Drawback Rate to the Government for its consideration in the coming year.

Thanking You

Yours faithfully,

 

V. ANIL KUMAR
EXECUTIVE DIRECTOR

Encl : Proformas (pdf) (doc)