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†14h March, 2006

Notification† No.† 27 /2006-Customs

††††††††††††††††††††††††††††††††††††††††††††††††††††††

In exercise of the powers conferred by sub-section (2) of section 74 of the† Customs† Act, 1962 (52 of† 1962),† the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes the following further† amendment† in the† notification of† the† Government of† India† in the† Ministry of† Finance† (Department of† Revenue) No.19-Customs, dated† the† 6th† February, 1965, S.O. 426, dated the 6th† February, 1965, namely:-

In the said notification, for the Table, the following Table shall be substituted, namely: -

Table

Sl. 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 but† not† more than† twenty-one† months

55%

8.

More than† twenty-one† months but† not† more than† twenty-four months

50%

9.

More than† twenty-four months but† not† more than† twenty-seven† months

45%

10.

More than twenty-seven months but† not† more than thirty months

40%

11.

More than† thirty months but† not† more than† thirty- three months

35%

12.

More than† thirty-three months but† not† more than† thirty-six† months

30%

13.

More than† thirty-six months

NIL

†††††††††††††††††††††††††††

F.No.609/13/2005-DBK

Note.-††† The† principal notification No. 19-Customs dated the 6th February, 1965, was published vide number S.O. 426, dated the 6th February, 1965, and was last amended by notification No: 45-Customs, dated the 2nd May, 1970, published vide number S.O. 1542, dated the 2nd May, 1970.

 

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