Tag Archives: Duty Drawback

Increase in All Industry Rates (AIR) of Duty Drawback on gold jewellery and silver jewellery/articles

By | July 3, 2016

Circular No.30/2016-Customs F. No. 609/35/2016-DBK Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs New Delhi, dated 24th June, 2016 To Principal Chief Commissioners / Principal Directors General Chief Commissioners / Directors General Principal Commissioners & Commissioners, all under CBEC Subject: Increase in All Industry Rates (AIR) of Duty… Read More »

DEPB and Duty Drawback not eligible for deduction u/s 80-IB

By | March 16, 2016

Held Duty drawback receipt/DEPB benefits do not form part of the net profits of eligible industrial undertaking for the purposes of section 80-I/80-IA/80-IB of the 1961 Act. SUPREME COURT OF INDIA Liberty India v. Commissioner of Income-tax* S.H. KAPADIA AFTAB ALAM, JJ. CIVIL APPEAL NO. 5891 OF 2009 AND OTHERS AUGUST 31, 2009 JUDGMENT S.H.… Read More »

Amendments in All Industry Rates of Duty Drawback

By | February 10, 2016

Amendments effective 11.2.2016 to the All Industry Rates of Duty Drawback Circular No. 06/2016-Customs F. No. 609/98/2015-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs New Delhi, dated 9 th February, 2016 To Principal Chief Commissioners / Principal Directors General Chief Commissioners / Directors General Principal Commissioners &… Read More »

Refund of Duty Drawback is Capital receipt if it was part of project cost:Delhi High Court

By | November 27, 2015

Facts of the Case The assessee in the relevant assessment year 2009-10 was in the process of setting up a thermal power generation plant at Maithon, Jharkhand. It applied to the Ministry of Power, Government of India for grant of mega power status which was under examination during the assessment year 2009-10. The project was… Read More »

Circular for changes in All Industry Rates of Duty Drawback

By | November 17, 2015

Circular No. 29/2015-Customs F. No. 609/98/2015-DBK Government of India Ministry of Finance, Department of Revenue Central Board of Excise & Customs New Delhi, dated 16th November, 2015 To Principal Chief Commissioners / Chief Commissioners (All under CBEC) Principal Directors General / Directors General (All under CBEC) Principal Commissioners/Commissioners (All under CBEC) Subject: All Industry Rates… Read More »

Government notifies revised all industry rates of Duty Drawback

By | November 17, 2015

Ministry of Finance of Govt of India on 16-November, 2015 Government notifies revised all industry rates of Duty Drawback and other Duty Drawback related changes effective from 23rd November, 2015 The Central Government has notified the Schedule of revised All Industry Rates of Duty Drawback effective from 23rd November, 2015. These revised rates are based… Read More »