Regarding amends Customs, Central Excise Duties and Service Tax Drawback Rules effective from 15.11.2016

Central Government vide Notification No. 132/2016- Customs (N.T), Dated: October 31, 2016 has amended Customs, Central Excise Duties and Service Tax Drawback Rules, 1995 w.e.f 15th November 2016 by deleting sub-rule (1) of rule 8 which did not allow AIR or Brand Rate drawback to exports (other than postal exports or exports under advance authorization) if the amount of drawback is less than 1% of F.O.B. value of export, except where the amount of drawback per shipment exceeded Rs.500.

GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF EXCISE AND CUSTOMS
NEW DELHI

Notification No. 132/2016 – Customs (N.T.),  Dated: October 31, 2016

G.S.R. 1019 In exercise of the powers conferred by section 75 of the Customs Act, 1962 (52 of 1962), section 37 of the Central Excise Act, 1944 (1 of 1944) and section 93A read with section 94 of the Finance Act, 1994 (32 of 1994), the Central Government hereby makes the following rules further to amend the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, namely:-

1. (1) These rules may be called the Customs, Central Excise Duties and Service Tax Drawback (Amendment) Rules, 2016.

(2) They shall come into force on 15th November, 2016

2. In the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, sub-rule (1) of rule 8 shall be omitted.

[F. No. 609/80/2016-DBK]

(Rajiv Talwar)
Joint Secretary to the Government of India

Note.- The principal rules were published vide notification number 39/1995-Customs (N.T.), dated the 26th May, 1995, in the Gazette of India, Extraordinary, Part II, Section 3, Sub-Section (i), vide number G.S.R. 441 (E), dated the 26th May, 1995, and was last amended by notification number 109/2015-Custom (N.T.), dated the 16th November 2015 vide number G.S.R. 860 (E), dated the 16th November, 2015.

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One response to “CBEC amends Custom, Excise & Service Tax Drawback Rules WEF 15.11.2016”

  1. Christine says:

    Sir,
    Could you please let me know In the Customs, Central Excise Duties and Service Tax Drawback Rules, 1995, sub-rule (1) of rule 8 – what is it about. In the notification it is only mentioned that it is deleted. What is this rule No. 8 all about?

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