Drawback Circular No. 52/2001-Customs.
F.No. 609/80/2001 – DBK
Government of India
Ministry of Finance
Department of Revenue
Subject:- All Industry Rates of Drawback, 2001 – 2002 -Amendment -Regarding.
All Industry Rates of Drawback, 2001-2002, were notified vide notification no.29/2001-Cus.(N.T.) dated 1.6.2001, and amended vide notification No.30/2001 – Cus.(N.T.) dated 22.6.2001.
2. A large number of representations have, however, been received from various Export Promotion Councils pleading that the rates and caps are quite low. After examining these representations and fresh data submitted by the Councils, the Government have revised drawback rates and caps in respect of different categories of products appearing in Drawback Schedule, 2001 – 2002. The revised rates have been notified vide Notification No.50/2001 – Customs(N.T.) ,dated 4th October,2001. These rates shall be effective from 4thOctober,2001.
3. Suitable public notice for information of the trade and standing orders for guidance of the staff may kindly be issued accordingly.
4. The receipt of this Circular may kindly be acknowledged.