My e-Store  |  Feedback  |  FAQ  |  Sitemap  |  Contact  |  Home
Home + News + Current Updates
  11/01/2008 -News dated 11th January 2008. Duty Drawback rates - Amendment.
 


 

The Ministry of Finance vide Notification No.121/2007-Customs (N.T.) has amended the DBK rates for textiles / carpets / garments earlier published on 16th July, 2007, vide Notification N. 68.  The relevant amendments for silk are as given below:

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)

Notification No. 121/2007-CUSTOMS (N.T.)
(abridged)

New Delhi, the 13th December, 2007

G.S.R.             (E)- In exercise of the powers conferred by sub-sections (2) and (3) of section 75 of the Customs Act, 1962 (52 of 1962), sub-sections (2) and (2A) of section 37 of the Central Excise Act, 1944 (1 of 1944), and section 93 A and sub –sections (2) and (3) of section 94 of the Finance Act, 1994 (32 of 1994), and in pursuance of rules 3,4 and 5 of the Customs , Central Excise Duties and Service Tax Drawback Rules, 1995, the Central Government, hereby makes the following amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), NO. 68/2007-Customs (N.T) , dated the 16th July, 2007 (hereinafter referred to as the said notification), with effect from 1st day of September, 2007, namely.

In the Schedule to the said notification:-

Chapter 57

For Tariff item 570102 and the entries relating thereto, the following tariff items the entries shall be substituted, namely:-

570102

Of Silk

Sqm

17.50%

3105

9.40%

1667.7

             

For Tariff item 570202 and the entries relating thereto, the following tariff items the entries shall be substituted, namely:-

570202

Of silk

Sqm

17.5 %

1185

9.4 %

636.8

             

Tariff Item 

Description of Goods

Unit

A
Drawback when Cenvat facility has not been availed

B
Drawback when Cenvat facility has been availed

 

   

Drawback Rate

Drawback cap per unite in Rs.

Drawback Rate

Drawback cap per unite in Rs.

Chapter 616110

           

611005

Of Noil Silk

piece

10 %

31

4.1 %

12.7

[F.NO. 609/10/2007-DBK]

 

 
.




Post Trade Inquiry
Buyer Registration
 
   
  Questions or suggestions about the Silkepc-website? Click here !
  Copyright © The Indian Silk Export Promotion Council 2004.   Privacy Policy & Terms of use.
News | Council | Members Directory | Trade