Public Notice No. 44/2003, Dt. / /2003

Sanction of All Industry Rate of Duty Drawback pending fixation of Brand Rate of Drawback

1. Attention of all the traders / CHA’s /Exporters and other concerned is drawn to Rule 7 of the Customs and Central Excise Duties Drawback Rule 1995. According to this rule, if an exporter feels that he is not getting adequate neutralization of the duties of Customs & Central Excise suffered on the inputs used in the manufacture of the export products, exporter can apply for fixation of brand rate of drawback to the Central Government.

2. There have been representations from trade that since the procedure of application and issuance of brand rate letters under Rule 7 involves one to two months, they remain out of funds and face financial difficulties.

3. This issue has been considered by the Kelkar Committee and based on its recommendations, the Board has decided that henceforth in all those cases, where the exporters have applied for brand rate of drawback, they may be permitted the duty drawback at All Industry Rate as admissible under the relevant S.S. No. of the Duty Drawback Table. Subsequently, when the exporters are issued brand rate of drawback, the differential amount may be sanctioned to the exporter.

4. Contents of this notice may be brought to the notice of all concerned and trade constituents in particular.

Sd/-
(K.K. AGARWAL)
COMMISSIONER OF CUSTOMS (G)

File No. S/10-30-DBKI/2003 CFS(M)

Circular No. 10/2003-Cus dated 17.02.2003 of Government of India, Ministry of Finance & Company Affairs, Deptt. of Revenue, if F.No. 609/162/2002-DBK dated 17.2.03

Presented by eximkey.com