CBIC amend the Schedule for Drawback on exports of goods

Last updated: 03 January 2022
Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC) has issued a notification amending the Schedule for Drawback on exports of goods. These changes, effective from January 1st, 2022, update the descriptions and rates for various tariff items. The amendments cover a wide range of products, including fish, dairy, vegetables, fats and oils, and manufactured goods, aiming to refine the drawback system for exporters.

MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 108/2021- Customs (N.T.) Dated: 31st December, 2021 G.S.R. 929(E). In exercise of the powers conferred by sub-section (2) of section 75 of the Customs Act, 1962 (52 of 1962) and sub-section (2) of section 37 of the Ce
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FAQ :

The notification amends the Schedule for Drawback on exports of goods, updating descriptions and rates for various tariff items.

These amendments come into force on the 1st day of January, 2022.

Amendments have been made to various chapters, including those for fish, dairy products, vegetables, fats and oils, manufactured goods, and electronic waste, among others.

The principal notification being amended is No. 07/2020-Customs (N.T.), dated the 28th January, 2020.

This notification was issued by the Ministry of Finance (Department of Revenue) under the powers conferred by the Customs Act, 1962 and the Central Excise Act, 1944.

 
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