Drawback Rates
Reduced to 1.4% from 4% on Zinc Oxide, Drawback Cap Removed
[Customs Notification No. 40 (Non Tariff) dated
16th April 2015]
In exercise
of the powers conferred by sub-section (2) of section 75 of the Customs Act,
1962 (52 of 1962), sub-section (2) of section 37 of the Central Excise Act,
1944 (1 of 1944), and section 93A read with sub-section (2) of section 94 of
the Finance Act, 1994 (32 of 1994) read with rules 3 and 4 of the Customs,
Central Excise Duties and Service Tax Drawback Rules, 1995, the Central
Government hereby makes the following further amendments in the notification of
the Government of India in the Ministry of Finance (Department of Revenue), No.
110/2014 - Customs (N.T.) dated the 17th November, 2014 published vide
number G.S.R. 814 (E) dated the 17th November, 2014, namely:-
In the said
Notification, in the SCHEDULE, in CHAPTER - 28, -
(a) against Tariff item
281701, the entry in column (3) shall be omitted;
(b) against Tariff item
281701, for the entry in column (4), the entry "1.4%" shall be
substituted;
(c) against Tariff item
281701, the entry in column (5) shall be omitted;
(d) against Tariff item
281701, for the entry in column (6), the entry "1.4%" shall be
substituted;
(e) against Tariff item
281701, the entry in column (7) shall be omitted;
(f) against Tariff item
281702, the entry in column (3) shall be omitted;
(g) against Tariff item
281702, for the entry in column (4), the entry "1.4%" shall be
substituted;
(h) against Tariff item
281702, the entry in column (5) shall be omitted;
(i) against Tariff item
281702, for the entry in column (6), the entry "1.4%" shall be
substituted; and
(j) against Tariff item
281702, the entry in column (7) shall be omitted;
[F. No.
609/73/2014-DBK]