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CHEMEXCIL
Basic Chemicals, Cosmetics & Dyes Export Promotion Council
(Set-up by Ministry of Commerce and Industry, Govt of India)
Jhansi Castle 4th Fl., 7 Cooperage Road, Mumbai - 400 001.India.
Tel : +91 22 22021288 / * Fax : +91 22 22026684 *
E-mail : info@chemexcil.v.in Web : https://chemexcil.in
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EPC/LIC/DBK_2018 |
23rd Jan 2018 |
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ALL MEMBERS OF THE COUNCIL
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AIR DBK
Amendments in the All Industry Rates of Duty Drawback 2017-18
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Dear Members,
This is in continuation of our circular dated 25/09/2017 informing you about All Industry Rates of Duty Drawback 2017-18 w.e.f. 01/10/2017 and other changes in Duty Drawback.
Subsequently, representations where sent by the Trade/ Industry to the Drawback Department for increase in DBK rate. Further, consultations were also held with the esteemed Duty Drawback Committee in Ahmedabad on 31/10/2017 during which CHEMEXCIL also submitted its suggestions.
Now, Ministry Of Finance (Department Of Revenue) has issued Notification No. 8/ 2018 - CUSTOMS (N.T.) 22nd January, 2018 regarding amendments in the earlier notification No. 89/2017-Cus(NT) dated 21.09.2017 relating to AIRs of Duty Drawback.
As far as items from chemical sector are concerned, following amendments are effected:
iii) in Chapter - 29,-
(a) against tariff item 290701,-
(i) for the entry in column (4), the entry “1.5%” shall be substituted;
(ii) for the entry in column (5), the entry “4.7” shall be substituted;
(b) against tariff item 291201,-
(i) for the entry in column (4), the entry “1.5%” shall be substituted;
(ii) for the entry in column (5), the entry “11.3” shall be substituted;
The above amendments shall come into force on the 25th day of January, 2018.
Members are requested to take note of the amendments. The above-said notification is available for download using below link-
http://www.cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2018/cs-nt2018/csnt8-2018.pdf
We also look forward to your feed-back on ed@chemexcil.gov.in and Deepak.gupta@chemexcil.gov.in
Thanking You,
Yours faithfully,
(S.G. BHARADI)
Executive Director
CHEMEXCIL
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