Announcement
12 Jan 2017
The Indian Ministry of Finance amended the rebate rates under the Duty Drawback Scheme for several products.
The Duty Drawback Scheme provides rebates of duties paid on imports or local purchase of articles that are used to manufacture export products. Different drawback rates are prescribed based on whether CENVAT (Central Value Added Tax) credit has been availed by the exporter for the inputs or not. CENVAT credit is an input credit made available against input duties, such as excise duties and service taxes levied by the state, and paid by manufacturers.
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Number of interventions
2
1 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
15 Jan 2017
Revocation date:
No revocation date
Updated: 12 Jan 2017
Tax-based export incentive
In force
On 12 January 2017, the Indian Ministry of Finance through Notification No. 3/2017 - Customs (NT) reduced the tax rebates under the Duty Drawback Scheme for the following items:
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Implementation date
15 Jan 2017
Revocation date:
No revocation date
Updated: 12 Jan 2017
Tax-based export incentive
In force
On 12 January 2017, the Indian Ministry of Finance through Notification No. 3/2017 - Customs (NT) increased the tax rebates under the Duty Drawback Scheme for the following items:
Sign in to see more
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