The drawback under this order shall be provided for the shipment made from the 1st July, 2018 till 30th June, 2021 (both days inclusive) on the following terms and conditions, namely:
|
S.No
|
Description
|
PCT Code
|
Duty (%)
|
Condition
|
|
1
|
Fruits & Vegetable
|
07,08,20,2103,2000,2016,9020
|
4%
|
- Fifty percent of the rate of drawback shall be provided without condition of increment in exports of good.
- Remaining fifty percent of the rate of drawback shall be provided, if the exporter achieves an increase of ten percent of more in exports during the financial years 2018-19, as compared to the financial year 2017-18 or exports in financial year 2019-2020 as compared to FY 2018-19 or in FY 2020-21, as compared to FY2019-20.
- The actual rate of drawback against clause (b) shall be determined on the basis of annual performance of the exporter, but in order to improve his cash flow, the disbursement against clause (b) shall be allowed on he performance during July-December of each year, subject to submission of a bank guarantee that the exporter shall return the excess amount, in case his annual exports are less than the eligibility criteria stipulated in clause (b) and
- An additional two percent drawback shall be allowed for exports to non-traditional markets of the countries specified in annex-I relating to Africa, Latin America, Non-EU European countries, Commonwealth of Independent States and Oceania at the time of submission of claims mentioned in clause (a).
|
*Source: - Commerce Division’s S.R.O.711 (I)/2018 dated 8th June, 2018
