Author: Lalita
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Indian Govt Cuts Duty Drawback on Exports of Finished Steel Products
Ministry of Finance, Govt of India on 28th Jan’20 issued a circular on duty drawback rate on export of steel products. According to the circular, the duty drawback rate on flat-rolled steel products has been cut down from 1.8% to 1.6%. This notification shall come into force on the 4th Feb’20. However, the duty drawback structure remained unchanged for other…