Circular No.ES/ 180 / 2016-17 November 23, 2016
To: Members of the Council
Sub: Regarding further rationalization of revised simplified procedure for fixation of brand rates
Dear Member,
This is to inform you that the Central Board of Excise and Customs has issued Circular No. 54/2016-Customs dated 22.11.2016 regarding the further rationalization of revised simplified procedure for fixation of brand rates.
As per this Circular, the CBEC clarifies that the requirement of original duty paying documents furnished by the exporter to claim drawback duties with the extent of utilization for the brand rate application, have been further simplified.
The applicant need not submit a bulk of documents and instead file only the following ones:
(a) The working sheet (submitted by applicant with brand rate fixation claim) showing the drawback amount, each document wise, in support of claim, shall become a declaration signed by applicant
(b) a certificate from an independent Cost Accountant/Chartered Accountant verifying the details submitted by the applicant
(c) Self attested copies of the duty paid documents (like bills of entry, invoice etc.) carrying their self-endorsement/defacement to the extent of utilization under the brand rate fixation claim.
Once the above documents are filed and accepted by the CBEC, the applicant need not submit original duty paying documents for endorsing/defacement by verifying officer during postfacto checking stage. It is left to the discretion of the verifying officer who may choose to randomly cross verify not more than 5% originals of the self-attested copies of the total duty paid documents. The random selection is based on the dynamic and risk parameters as indicated by the Commissioner of Excise and Customs Duty.
Cases where existing applications under the revised simplified brand rate scheme where brand rate letter has not been issued or where it has been issued but post-facto verification is pending, the applicant may choose either to:
(a) continue with the existing procedures; or
(b) have the requirement of submitting original duty paying documents dispensed (subject to random cross-verification of originals) provided they self-endorse/deface the duty paid documents to the extent of utilization under the brand rate fixation and resubmit the working sheet with the above cited declaration and certificate.
Members may kindly make note of the above.
Thanking you,
V. ANIL KUMAR
EXECUTIVE DIRECTOR
