Upward Revision For Duty Drawback Rates For Dyes & Dyes Intermediates For 2008-09

摘要

As in the past, DMAI submitted the relevant data for upward revision of Duty Drawback for our Industry to the Jt.Secretary (Drawback), Central Board of Excise and Customs, New Delhi in the recent past. While compiling the revised figures, we had taken into consideration the present higher incidence of Customs Duty on raw materials, prices of which have gone up substantially over the last few months. The input cost across numerous raw materials has escalated on an average of 82% as against export price, which has increased by about 24% as per the present international rates. The surge in the oil price and sulphur, which are primarily the basic building blocks in the Colorant Industry and its cascading effect on the downstream products and different application, was also taken into account, while carrying out this exercise.