CBIC amends All Industry Rates (AIRs) of Duty Drawback

The Central Board of Indirect Taxes & Customs vide circular dated 15th July, 2020 has made certain amendments in the All Industry Rates (AIRs) of Duty Drawback effective immediately.

The changes made are briefly summed up as :

  • AIRs/caps of Duty Drawback have been enhanced for footwear items and Gold jewelry.
  • AIRs of Duty Drawback have been rationalized for silver jewelry/articles.
  • Motor cars with AMT are allowed to claim the same AIRs of duty drawback as given to motor cars with MT.

RECENT UPDATES