In exercise of the powers conferred by sub section 2 of section 75 of the Customs Act, 1962 52 of 1962 and sub section 2 of section 37 of the Central Excise Act,

Executive Summary: This notification, dated July 13, 2020, amends the Customs and Central Excise Duties Drawback Rules, 2017, by making changes to notification No. 07/2020-Customs (N.T.) dated January 28, 2020. The amendments involve revisions to drawback rates and descriptions for specific tariff items in Chapters 29, 64, 71, and 87 of the Schedule. These changes come into effect on July 15, 2020. Key Points / Main Content: Chapter 29 Amendments: * Tariff item 292205 and related entries are omitted. * Tariff item 2930 is substituted with: * 2930 01 Vinyl Sulphone Ester Kg 3.8 47.1 * 2930 99 Others 1.3 Chapter 64 Amendments (Tariff Item 6403): * 640301: Column 4 entry changed to 5.4; Column 5 entry changed to 145. * 640305: Column 4 entry changed to 5.4; Column 5 entry changed to 130. * 640307: Column 4 entry changed to 5.4; Column 5 entry changed to 73. * 640309: Column 4 entry changed to 5.4; Column 5 entry changed to 81. * 640311: Column 4 entry changed to 6.2; Column 5 entry changed to 148. * 640312: Column 4 entry changed to 5.9; Column 5 entry changed to 114. Chapter 71 Amendments: * 711301: In column 4, 372.9 is replaced by 431.1. * 711302 & 711401: In column 4, 4332.2 is replaced by 4105.6. Chapter 87 Amendments (Tariff Item 8703): * 870301: Column 2 entry updated to "Motor cars of a cylinder capacity less than 1000cc with manual transmission or automated manual transmission". * 870303: Column 2 entry updated to "Motor cars of a cylinder capacity of 1000cc and above and up to 1200cc with manual transmission or automated manual transmission". * 870305: Column 2 entry updated to "Motor cars of a cylinder capacity exceeding 1200cc but less than 1500cc with manual transmission or automated manual transmission". * 870307: Column 2 entry updated to "Motor cars of a cylinder capacity of 1500cc and above with manual transmission or automated manual transmission". Impact Analysis: Exporters and Importers: Impact: Changes in drawback rates for specific goods will affect the financial benefits they receive. Action Required: Review the updated drawback rates and adjust pricing and costing strategies accordingly. Customs Officials: Impact: Required to implement the amended drawback rules and ensure accurate processing of claims. Action Required: Update internal systems and procedures to reflect the new rates and descriptions, and familiarize themselves with the changes.

Key Entities Referenced