Revision of All Industry Rates of Duty Drawback for Leather & Leather Products
Jan 20, 2005
Members of the Council,
Sub: Revision of All Industry Rates of Duty Drawback for Leather & Leather Products
We would like to informed that the Department of Revenue in the Ministry of Finance, Government of India notified revised All industry rates of duty drawback for all products including leather & leather products vide Notification No.8/2005-Customs (NT) dated 19th January 2005. The revised DBK scheduled in respect of Chapter 41, 42 & 64 is attached herewith for your information and reference. The revised rates are effective from January 19, 2005.
revised DBK scheduled in respect of Chapter 41, 42 & 64
The drawback rates have been reduced by 20% on seven items which included leather footwear (64.01) and leather footwear uppers (64.10), industrial leather gloves (42.11), leather sandals (64.04) etc and 10% on two items, namely leather bags (42.05) and other leather gloves (42.13). On two items, viz. lining leather (41.01) and rubber canvas footwear (64.08) the drawback rates have been increased by 20% and on one item viz. leather sandal upper (64.13) the rate has been increased by 10%. On few items, which included leather apparel (42.09), leather wallets / purses etc (42.07), finished leather (41.02), the drawback rates remain un-changed
Since there have been drastic reduction in the DBK rates for major items like footwear, footwear uppers, industrial gloves and other gloves / golf gloves, leather bags etc, the Chairman of the Council submitted an exclusive memorandum to the Hon-ble Union Minister for Finance as well as to Hon-ble Union Minister for Commerce & Industry in this regard, requesting not to give effect to the current revision and fixing realistic DBK rates. The memorandum was also sent to Commerce Secretary, Revenue Secretary and other senior officials in the Department of Commerce & Department of Revenue for their interventions in the matter. The matter is being pursued vigorously.
This is for your information.
K Abdul Sattar Khan