CUS NTF NO. 27/2006 DATE 14/03/2006
Drawback rates - when goods are re-exported after specified period
S.O. 324 (E). - In exercise of the powers conferred by sub-section (2) of section 74 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue)
No.19-Customs, dated the 6th February, 1965, S.O. 426, dated the 6th February, 1965, namely:-
In the said notification, for the Table, the following Table shall be substituted, namely: -
Table| Sl. No. | Length of period between the date of clearance for home consumption and the date when the goods are placed under Customs control for export. | Percentage of import duty to be paid as Drawback |
| (1) | (2) | (3) |
| 1. | Not more than three months | 95% |
| 2. | More than three months but not more than six months | 85% |
| 3. | More than six months but not more than nine months | 75% |
| 4. | More than nine months but not more than twelve months | 70% |
| 5. | More than twelve months but not more than fifteen months | 65% |
| 6. | More than fifteen months but not more than eighteen months | 60% |
| 7. | More than eighteen months but not more than twenty-one months | 55% |
| 8. | More than twenty-one months but not more than twenty-four months | 50% |
| 9. | More than twenty-four months but not more than twenty-seven months | 45% |
| 10. | More than twenty-seven months but not more than thirty months | 40% |
| 11. | More than thirty months but not more than thirty- three months | 35% |
| 12. | More than thirty-three months but not more than thirty-six months | 30% |
| 13. | More than thirty-six months | NIL |
Sd/-
(Dr. M. Subramanyam)
Deputy Secretary to the Government of India
[F.No.609/13/2005-DBK]
Note.- The principal notification No. 19-Customs dated the 6th February, 1965, was published vide number S.O. 426, dated the 6th February, 1965, and was last amended by notification No: 45-Customs, dated the 2nd May, 1970, published vide number S.O. 1542, dated the 2nd May, 1970.
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