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Duty drawback procedure modified

By Our Legal Correspondent

NEW DELHI March. 6. The Government has made procedural modifications in duty drawback based on the recommendations made by the Kelkar Task Force for procedural and structural reforms of the indirect tax administration.

Duty drawback is a rebate of input stage duties of Customs and Central Excise, which renders the goods competitive in the international market.

According to an official release of the Ministry of Finance and Company Affairs, merchant exporters who get their export goods manufactured from a supporting manufacturer who is not registered with Central Excise, can get duty drawback merely on filing a declaration that the Cenvat facility has not been availed by him.

Exporters of composite articles shall be allowed duty drawback on the strength of a declaration as to the composition of various constituent materials.

Exporters who apply for fixation of Brand Rate Drawback (BRD) owing to inadequate compensation through the All Industry Rates (AIR), shall be allowed the AIR immediately and they shall get the different drawback after fixation of the brand rate.

Another major step of export facilitation through decentralisation has been to provide the mechanism of fixation of BRD at the doorsteps of the exporters.

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