Section Text
In section 75 of the Customs Act,-
(a) in sub-section (1),-
(I) for the words manufactured in India", the words "manufactured, processed or on which any operation has been carried out in India" shall be substituted;
(ii) for the words "manufacture of such goods" whatever they occur, the words "manufacture or processing of such goods or carrying out any operation on such goods" shall be substituted;
(b) in sub-section (1A), for the words "manufactured in India", the words "manufactured, processed or on which any operation has been carried out in India" shall be substituted;
(c) in sub-section (2),-
(I) for clause (a), the following clause shall be substituted, namely.-
"(a) for the payment of drawback equal to the amount of duty actually paid on the imported materials used in the manufacture or processing of the goods or carrying out any operation on the goods or as in specified in the rules as the average amount of duty paid on the materials of that class or description used in the manufacture or processing of export goods or carrying out any operation on export goods of that class or description either by manufacturers generally or by persons processing or carrying on any operation generally or by any particular manufacturer or particulars person carrying on any process or other operation, and interest, if any, payable thereon; ";
(ii) in clause (ab), after the word, brackets and figure "sub-section (1)", the words "or interest chargeable thereon" shall be inserted;
(iii) in clause (c),-
(a) for the word "manufacturers", the words "manufacturer or the person carrying on any process or other operation" shall be substituted;
(b) for the word "manufacture", the words "manufacture, process or any other operations carried out" shall be substituted;
(iv) after clause (c), the following clause shall be inserted, namely.-
"(d) for the manner and the time within which the claim for payment of drawback may be filed; ";
(d) after sub-section (2), the following sub-section shall be inserted, namely.-
"(3) the power to make rules conferred by sub-section 92) shall include the power to give drawback with retrospective effect from a date not earlier than the date of changes in the rates of duty on inputs used in the exports goods.