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V. IMP All Industry Rates of Duty Drawback 2017
 

 

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.gov.in Web : https://chemexcil.in

 


EPC/LIC/DBK_2017       25th Sept 2017

 

ALL MEMBERS OF THE COUNCIL

All Industry Rates of Duty Drawback 2017

 

Dear Members,

 

Kindly note that  Ministry of Finance, Department of Revenue, GOI  has  notified All Industry Rates of Duty Drawback  2017.

 

In this regard, Government has issued Circular No. 38/2017-Customs F. No. 609/76/2017-DBK dated 22/09/2017  and Notification No. 88/2017-Customs (N.T.) dated 21.9.2017 and Notification No. 89/2017-Customs (N.T.) dated 21.9.2017  respectively,  regarding changes in the  Customs and Central Excise Duties Drawback Rules, 2017  and   Changes in All Industry Rates (AIRs).

 

For the sake of convenience, important points are highlighted  as follows:

 

  • DBK Rates for majority  of  items under CHEMEXCIL Purview i.e. Chapter 29, 32, 33, 34 & 38  remain at 1.5%. DBK Rates of Chapter 28 item rates reduced to 1.1%.
  •  
  • Definition of Drawback has been amended to provide for drawback of Customs and Central Excise duties excluding integrated tax and compensation cess leviable.  References to input services and Service Tax have been omitted.
  •  
  • The Composite rates of Drawback are being discontinued w.e.f. 1.10.2017. Hence, the composite rates and Notes and Conditions pertaining to CENVAT credit, rebate of Central Excise duty, etc. stand omitted. Thus, the declaration required to be given by an exporter for claiming composite rate of drawback w.e.f. 1.7.2017 as per Circular no. 32/2017-Customs dated 27.7.2017 is no longer required w.e.f. 1.10.2017;
  •  
  • For fixation of Brand Rate, Circular no. 23/2017-Customs dated 30.6.2017 may be referred. The brand rate facilitation would continue.
  •  
  • Where in respect of export product, NIL rate or no rate of drawback is provided in AIR Schedule, an application for fixation of Brand Rate under Rule 7 of the Drawback Rules, 2017 shall not be admissible. In such situation, application for fixation of Brand Rate may be filed under Rule 6 of the Drawback Rules, 2017;
  •  

 

  • Changes in Drawback  Rules 2017/ DBK Rates are applicable from 1st October 2017.

 

 

For full text of the AIR Drawback Schedule and above-said Notifications/ circulars, please use below links for downloading the same-

 

http://cbec.gov.in/resources//htdocs-cbec/customs/dbk-schdule/dbk-sch2017.pdf

http://cbec.gov.in/resources//htdocs-cbec/customs/cs-circulars/cs-circulars-2017/circ38-2017cs.pdf

http://cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2017/cs-nt2017/csnt89-2017.pdf

http://cbec.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2017/cs-nt2017/csnt88-2017.pdf

 

 

Members are requested to take note of new provisions/ Rates  in Duty Drawback.   For any issues, you can write to us on Deepak.gupta@chemexcil.gov.in & balani.lic@chemexcil.gov.in .

 

 

Thanking You,

 


Yours faithfully,

 

(S.G. BHARADI)
Executive Director

CHEMEXCIL

 

 

 

 

 

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