Review of All Industry Rates of Duty Drawback for 2015

Circular No.ES/ 39 /2014-15 March 24, 2015

To: Members of the Council

Sub: Review of All Industry Rates of Duty Drawback for 2015

Dear Member,

As you are aware, the Department of Revenue, Ministry of Finance, annually reviews the All Industry Rates of Duty Drawback. You are also aware, that the Council prepares and sends detailed proposal to the Ministry of Finance for the fixation of the Drawback rates based on inputs received from its members.

The Department of Revenue has sought proposals from the Council for the fixation of new All Industry Rates of Duty Drawback for the year 2015 for Manmade fibre textiles products covered under Chapter 54 to 63 of the Drawback Schedule.

You are therefore, requested to please send us the required details duly filled in; in the prescribed 5 formats viz. (i) Proforma IV, which are attached herewith. Also, please substantiate the data provided by you with regard to the export prices, domestic & import prices of inputs used in the export product by furnishing copies of the relevant documents such as Shipping Bills, Bills of Entry and the Central Excise Invoices etc. This is very essential for calculations of Drawback.

In this regard, please note as under:

The data pertaining to export prices and various input(s)/service(s) which are used in the manufacture of export product must pertain to the fourth quarter of 2014-15 (Jan to March 2015).
The data should be duly certified by the Chartered Accountant.

Since the Ministry requires the data urgently, we request you to send us the details by E-mail/Courier/Fax on or before 10^th April, 2015 positively (at es@srtepc.in).

We solicit your support and co-operation in this important matter and look forward to receive the required information at the earliest. Needless to say your diligent information in this regard will facilitate us to provide enhanced Drawback Rate in the coming year.

Thanking You

Yours faithfully,

V. ANIL KUMAR
EXECUTIVE DIRECTOR