Customs Notification
No.23/2008 dated 01.03.2008
Duty drawback under section 74 of the Customs Act, 1962 on the re-export of used
goods.
G.S.R. (E).- In exercise of the powers conferred by sub-section (2) of section
74 of the Customs Act, 1962 (52 of 1962), the Central Government, on being
satisfied that it is necessary in the public interest so to do, hereby makes the
following further amendments in the notification of the Government of India in
the Ministry of Finance (Department of Revenue) No. 19-Customs, dated the 6th
February, 1965, which was published in the Gazette of India vide S.O. 426 of the
same date, namely :-
In the said notification,-
(i) in the preamble, for the word, brackets and number “column (2)”, the word,
brackets and number “column (3)” shall be substituted;
(ii) for the TABLE, the following TABLE shall be substituted, namely:-
“TABLE
| S. No. | Length of period between the date of clearance for home consumption and the date when the goods are placed under Customs control for export | Percentage of import duty to be paid as Drawback |
| (1) | (2) | (3) |
| 1. | Not more than three months | 95% |
| 2. | More than three months but not more than six months | 85% |
| 3. | More than six months but not more than nine months | 75% |
| 4. | More than nine months but not more than twelve months | 70% |
| 5. | More than twelve months but not more than fifteen months | 65% |
| 6. | More than fifteen months but not more than eighteen months | 60% |
| 7. | More than eighteen months | Nil”; |
(iii) after the TABLE, the first proviso shall be omitted;
[F.No.334/1/2008-TRU]
(S. Bajaj)
Under Secretary to the Government of India
Note: The principal notification No.19-Customs, dated the 6th February, 1965 was published in the Gazette of India, vide S.O. 426, dated the 6th February, 1965 and was last amended vide notification No.27/2006-Customs, dated the 14th March, 2006 which was published vide number S.O. 324 (E), dated the 14th March, 2006.
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