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No.14/005/012/2004
Feb 3, 2004
Members of the Council,
Dear Sir,
Sub: Amendment of All Industry Rates of Duty Drawback for leather & leather products
As you are aware, the peak rate of Customs duty on non-agricultural products has been reduced from 25% to 20%, and also 4% SAD on all goods was totally exempted, both with effect from Jan 9, 2004.
In the light of the above changes in the customs duty incidences, the Department of Revenue, Ministry of Finance, Government of India has recently amended the duty drawback rates for leather & leather products vide
Notification No.12/2004-Customs (NT) dated
29.1.2004. A copy of the said Notification is attached herewith for your perusal.
b
The new rates are effective from Feb 9, 2004. According to new Drawback Schedule, the drawback rates were reduced for all the leather & leather products, and such reduction in the rates ranges between 0.30% and 1.10%.
Members may kindly take note of the above changes in the All Industry Rates of Duty Drawback.
Thanking you,
Yours faithfully,
S Audiseshiah
Executive Director
NB: Drawback schedules for Chapter Nos. 41, 42 & 64 are also put on our website
www.leatherindia.org under policy section
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