New All Industry Rates of Duty Drawback w.e.f 19.12.2018
December 7, 2018
Members of the Council
Sub : New All Industry Rates of Duty Drawback w.e.f 19.12.2018
We wish to inform you that the Central Board of Indirect Taxes and Customs (CBIC) has issued a Customs Notification No. 95/2018 (Non-Tariff) dated Dec. 6, 2018 (copy enclosed) revising the All Industry Rates of Duty Drawback w.e.f. Dec. 19, 2018.
It may be noted that the DBK rates and also cap values have been enhanced for finished leather and certain leather products under Chapter 42 and for certain footwear and footwear components under Chapter 64.
For some items, though the DBK rates have been increased, the cap values have been reduced. CLE is submitting a representation requesting increase in cap values for finished leather, leather products and footwear as per the assessment earlier submitted by the Council to the Drawback Directorate.
A table showing new and old drawback rates is enclosed herewith for reference of members, along with a copy of the aforesaid Customs Notification No. 95/2018 (Non-Tariff) dated Dec. 6, 2018.
This is for your kind information.
Thanks and regards
COUNCIL FOR LEATHER EXPORTS