New Delhi: The duty drawback, an export incentive to compensate duty borne on imported inputs, was on June 1, revised for about 850 items in the face of changes in Customs duty in the Union Budget.

Drawback commissioner S S Renjhen on June 1, said that of the 850 items, duty drawback was reduced in the case of 450-500 items, revised upwards in the case of 200-250 items and unchanged in the case of over 50 items,

The all industry duty drawback rates are revised every year, 90 days after the duty changes are announced in the Budget.

Though duty on non-ferrous metals was reduced by over 30 per cent cumulatively, the government has ensured that the decrease in duty drawback was not that steep in the exportable items using these raw materials including handicrafts in view of the difficult export scenario.

PTI