Related Keywords: certain MMF yarn, composite rates increased, drop in exports for the eleventh month, Duty drawback rates raised, fabric; readymade garment made of cotton, includes garments, made-ups of cotton, MMF and hand tools, revised rates based on average incidence of customs and excise duties, service tax, support exporters, wool and cotton with lycra
The government has raised duty refund rates on a host of items which includes garments to give a supporting hand to exporters. These revised rates are based on average incidence of Customs and Central Excise Duties and Service Tax related with the manufacture of export goods and involve substantial total drawback for exporters.
The Ministry of Finance in a press release on Monday said that the Central Government has notified the Schedule of revised All Industry Rates of Duty Drawback effective from 23rd November, 2015 as the exports drop for the eleventh month in a row in October.
