Rule 5. Determination of date from which the amount or rate of drawback is to come into force and the effective date for application of amount or rate of drawback

Official text

Rule 5. Determination of date from which theamount or rate of drawback is to come into force and the effective date forapplication of amount or rate of drawback. —

(1) The Central Government may specify the period uptowhich any amount or rate of drawback determined under rule 3 or revised underrule 4, as the case may be, shall be in force.

(2) Where the amount or rate of drawback is allowed withretrospective effect, such amount or rate shall be allowed from such date as may bespecified by the Central Government by notification in the Official Gazettewhich shall not be earlier than the date of changes in the rates of duty oninputs used in the export goods.

(3) The provisions of section 16, or sub-section (2) of section 83, of the Customs Act, 1962 (52 of 1962) shall determine the amount orrate of drawback applicable to any goods exported under these rules.