ANNOUNCEMENT 24 Sep 2018
The Indian Ministry of Finance increased the rebates rates under the Duty Drawback Scheme for exports of gold jewellery, silver jewellery and other articles of silver.
NUMBER OF INTERVENTIONS
Notification No. 82/ 2018 - CUSTOMS (N.T.)
On 24 September 2018, the Indian Ministry of Finance through Notification No. 82/2018-Customs (NT) increased the All India Rates (AIR) for Duty Drawback as follows -
The Duty Drawback Scheme aims to provide a rebate of taxes paid on raw materials, indigenous or imported, to manufacture export goods and is calculated as a percentage of the value of the goods exported.
* INR to USD conversion as on 24 September 2018 at INR 72.73/USD.