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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.gov.in Web : https://chemexcil.in
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EPC/LIC/DBK_2017 |
25th Sept 2017 |
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ALL MEMBERS OF THE COUNCIL
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All Industry Rates of Duty Drawback 2017
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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:
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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%.
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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.
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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;
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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;
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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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