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   ECONOMY
Tuesday, December 04, 2001 

Embroidered garments also to get drawback at all-industry rates

Our Economic Bureau

New Delhi, Dec 3: The revenue department has clarified that the all-industry rates of drawback allowed to readymade garments will also be applicable to embroidered garments and any fluctuations due to embroidery is taken care of by drawback caps.

In a circular to all field formations (customs officers) on Monday, the department has also said the all-industry rates of drawback for made-ups have been subject to caps for various categories. Quilted made-ups or any other variants of made-ups involving predominant use of textiles are eligible for drawback rates available to made-ups as well.
The drawback caps are intended to take care of any fluctuations due to quilting or other processes which are inevitable due to the prevailing international demand.

Customs officers have also been told to clear both the current shipments and the past claims of exporters on the above lines, the circular said.

The decision follows efforts made by Delhi Exporters Association president SP Agarwal, who took up the issue at a meeting of All-India Watch Dog Committee chaired by member (customs) and with chairman of the Central Board of Excise and Customs KL Verma.

 
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