IMP. NO. 116/2003
EXP. NO. 116/2003
PUBLIC NOTIC NO. 33/2003 DATE : 26/03/2003

Subject : Sanction of All Industry Rate of Duty Drawback pending fixation of Brand Rate of Drawback – regarding.
Attention of all Exporters/CHA’s is invited to the Ministry’s Circular No.10/2003-Cus issued under F. No. 609/162/2002 DBK dated 17.2.03 on the above subject reproduced below.

2. Attention is invited to rule 7 of the Customs and Central Excise Duties Drawback Rules, 1995. Accordingly to this rule, if an exporter feels that he is not getting adequate neutralisation of the duties of Customs and Central Excise suffered on the inputs used in manufacture of the export products, exporter can apply for fixation of brand rate of drawback to the Central Government.

3. There have been representations from the trade that since the procedure of application and issuance of brand rate letters under Rule 7 involves one to two months, they remain out of funds and face financial difficulties.

4. This issue has been considered by the Kelkar Committee and based on its recommendations, the Board has decided that henceforth in all those cases, where the exporters have applied for brand rate of drawback, they may be permitted the duty drawback at All Industry Rate as admissible under the relevant S. S. No of the Duty Drawback Table. Subsequently, when the exporters are issued brand rate of drawback, the differential amount will be sanctioned to them.

Sd/- (4.3.03)
(SHISHIR KUMAR)
COMMISSIONER OF CUSTOMS (EP)
MUMBAI


Attested By

(S. G. GAWDE)
DY. COMMISSIONER OF CUSTOMS
DRAWBACK DEPARTMENT
MUMBAI.

F. NO. S/10-608/2001 DBK

(Issued on the basis of Ministry’s Circular 10/2003 Cus issued under F. No. 609/162/2002 DBK dated 17.2.03 Government of India, Ministry of Finance, Department of Revenue)

Presented by eximkey.com