Revised All Industry Rates of Duty Drawback 2020

We would like to inform you that  Ministry of Finance, Department of Revenue, Government of India  has  notified Revised All Industry Rates of Duty Drawback which will  come into effect from 4th  February 2020.

In this regard, Government has issued Notification 07/2020-Cus (NT) d.t 28.01.2020    regarding Revised All Industry Rates of Duty Drawback.  

 

As far as chemical sector is concerned   the revised rates for majority of items  under our purview  will be lower than the  earlier rates (except  few items  from chapter  29, 32, 33 and 38).

 

For the sake  of convenience of  members, gist of revised   rates  is as follows:

 

• • Chapter 15 :-     0.15 %  ( Tariff lines 1515, 1516, 1518, 1521 under our purview)

  • Chapter 28:-    1%       

  • Chapter 29:-     1.3% (except Tariff lines 2904, 2907, 2909, 2912, 2915, 2921, 2922, 2927)

  • Chapter 32:-    1.3%     (except Tariff line 3204)

  • Chapter 33:-     0.15% to 1.3%   (except  Tariff line 3302, 3307)

  • Chapter 34:-    1.3%  

  • Chapter 38:-    1.3%     (Except Tariff lines 3808)

 

The revised rates will  come into effect from 4th  February 2020.

 

For full text of the AIR Drawback Schedule  and exact rate of your products, please  use below links:-

 

 

07/2020-Cus (NT) d.t 28.01.2020

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Revised All Industry Rates of Duty Drawback.

 

http://cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2020/cs-nt2020/csnt_07.pdf

 

Members are requested to take note of new provisions/ Rates  in Duty Drawback.   You can also  mail send your feed-back on ed@chemexcil.gov.in  & deepak.gupta@chemexcil.gov.in.

 

Thanking You,

Yours faithfully,

 

(S.G. BHARADI)
Executive Director

CHEMEXCIL