The Central Board of Indirect Taxes and Customs, (CBIC) on October 20, 2023, issued a notification regarding the rates of drawback under the Central Excise Duties Drawback Rules, 2017
This is in supersession of Notification No. 07/2020-Customs (N.T.) dated January 28, 2020, related to the rates of drawback under the Central Excise Duties Drawback Rules, 2017
This shall come into force on October 30, 2023
The following has been stated: -
• It states that the tariff items and descriptions of goods in the said Schedule are aligned with the tariff items and descriptions of goods in the First Schedule to the Customs Tariff Act, at the four-digit level only. The descriptions of goods given at the six digit or eight digits in the said Schedule are in several cases not aligned with the descriptions of goods given in the First Schedule to the Customs Tariff Act.
• It states that the general rules for the interpretation of the First Schedule to the Customs Tariff Act, 1975 shall, mutatis mutandis, apply for classifying the export goods listed in the said Schedule.
• It states that the rates of drawback specified against the tariff items in the said Schedule in specific terms or on an ad valorem basis, unless otherwise specifically provided, are inclusive of drawback for packing materials used.
• It further states that whenever a composite article is exported for which any specific rate has not been provided in the said Schedule, the rates of drawback applicable to various constituent materials can be extended to the composite article according to net content of such materials on the basis of a self-declaration to be furnished by the exporter to this effect and in case of doubt or where there is any information contrary to the declarations, the proper officer of customs shall cause verification of such declarations.
[Notification No.77/2023-CUSTOMS (N.T.)]
