Circular No.ES/161/2017-18 September 25, 2017
To: Members of the Council
Sub: REMINDER- New Duty Drawback Rates for 2017-18
The Government has announced the All Industry Rates of Duty Drawback for 2017-18 vide Notification No.89/2017-Customs (N.T.), dated 21-09-2017 and Notification No.88/ 2016 - Customs (N.T.), dated 21-09-2017.
In this regard, please find herewith the following:
In the new Drawback Schedule, the Ministry of Finance has taken only the Customs Portion eliminating the Excise Portion.
We are enclosing herewith the Comparative Statement of rates of Drawback for the items of MMF Textiles where changes have taken place with respect to the Drawback Schedule of 2016-17.
We request you to go through the Drawback Schedule and give us your feedback/suggestions especially on anomalies on classification and rates latest by 25th September, 2017 so that the same can be taken up with the Ministry. Since, the new Drawback rates are applicable w.e.f. 1st October, 2017, we request you to kindly send us the information on the suggested date i.e. 25th September, 2017.
This is for your information & for doing the needful at the earliest.
Encl: (1) Drawback Schedule for MMF Textiles (w.e.f. 1st October, 2017)