Govt Notifies Changes in Duty Drawback Rates

  • 18-Jan-2017
  • Govt Notifies Changes in Duty Drawback Rates

NEW DELHI: The Government after considering various representations and feedback related to All Industry Rates (AIR) of Duty Drawback that took effect on 15.11.2016 has notified certain changes vide Notification No.03/2017-Customs (N.T.) dated 12.01.2017. These changes took effect from 15.01.2017. The changes include:

•   Tariff entry for ‘Surimi Fish Paste’ under tariff item 160401 has been shifted to tariff item 030402 (Chapter 3- FISH AND     CRUSTACEANS, MOLLUSCS AND OTHER AQUATIC INVERTEBRATES) and description of tariff item 160401 has     been amended to read as ‘Surimi Analogue Product’ to address classification issue

•   Drawback cap of Silk Fabric is being increased

•   Drawback rates/caps are being changed for Man-made fibre floor coverings that come under the broad classification of      Carpets and Other Textile Floor Coverings. They can be scheduled as Man-Made Fibres under tariff item no’s 570104,    570203, 570303, 570402 & 570503 and for baby garments covered under tariff items 611101 & 620901

•   Drawback rates for gold jewellery, silver jewellery and silver articles are being decreased

•   Descriptions of tariff items of 1211, 2206, 2853, 2939, 6907, 8205, 8308, 8442, 8466, 8473, 8439 and 8541 are amended

•   Tariff items 690701, 690702, 690703 and 690799 have been created to cover both glazed and unglazed tiles. Tariff item    6908, 690801, 690802 and 690899 for glazed tiles have been deleted

•   Tariff items 2848 (Phosphides) and 8469 (Typewriters and word-processing machines) have been omitted

•   Separate entries have been created for monopods, bipods, tripods and similar articles that come under tariff item 9620.

Source: Dailyshippingtimes.com

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