(1) Notwithstanding anything hereinbefore contained, no drawback shall be allowed— 11 * * * * *
(b) in respect of any goods the market-price of which is less than the amount of drawback due thereon;
(c) where the drawback due in respect of any goods is less than 12 [fifty rupees].
(2) Without prejudice to the provisions of sub-section (1), if the Central Government is of opinion that goods of any specified description in respect of which drawback may be claimed under this Chapter are likely to be smuggled back into India, it may, by notification in the Official Gazette, direct that drawback shall not be allowed in respect of such goods or may be allowed subject to such restrictions and conditions as may be specified in the notification.
13 *****
1. Subs. by Act 22 of 1995, s. 61, for ―manufacturer‖ (w.e.f. 26-5-1995).
2. Subs. by Act 27 of 1999, s. 100, for ―Assistant Commissioner of Customs‖ (w.e.f. 11-5-1999).
3. Subs. by Act 22 of 1995, s. 61, for ―manufacture‖ (w.e.f. 26-5-1995).
4. Ins. by s. 61, ibid. (w.e.f. 26-5-1995).
5. Ins. by s. 62, ibid. (w.e.f. 26-5-1995).
6. Subs. by Act 8 of 1999, s. 2, for ―period of three months‖ (w.e.f. 8-1-1999).
7. Subs. by Act 32 of 2003, s. 115, for ―two months‖ (w.e.f. 14-5-2003).
8. The proviso omitted by s. 115, ibid. (w.e.f. 14-5-2003).
9. Subs. by Act 22 of 2007, s. 98, for sub-section (2) (w.e.f. 11-5-2007).
10. Subs. by Act 23 of 2012, s. 125, for ―section 28AB‖ (w.e.f. 8-4-2011).
11. Clause (a) omitted by Act 11 of 1983, s. 53 (w.e.f. 13-5-1983).
12. Subs. by s. 53, ibid., for ―five rupees‖ (w.e.f. 13-5-1983).
13. Chapter XA (containing sections 76A to 76N) omitted by Act 22 of 2007, s. 99 (w.e.f. 11-5-2007). Earlier Chapter XA inserted by vide Notification No. 43/2003-Cus. (N.T.) (w.e.f. 11-5-2004) dated 22-7-2003 read with notification No. 62/2003- Cus (N.T.), dated 14-8-2003; No. 84/2003-Cus. (N.T.), dated 14-10-2003; No. 105/2003-Cus. (N.T.), dated 29-11-2003 and No.
116/2003-Cus. (N.T.), dated 31-12-2003; No. 25/2004-Cus. (N.T.), dated 28-2-2004; No. 46/2004-Cus. (N.T.), dated 31-3-2004 and No. 57/2004-Cus. (N.T.), dated 30-4-2004) by s. 126 of the Finance Act, 2002 (20 of 2002).
64
76A. [Notification of special economic zone.] Omitted by the Finance Act, 2007 (22 of 2007), s. 99 (w.e.f. 11-5-2007).
76B. [Application of provisions.] Omitted by s. 99, ibid. (w.e.f. 11-5-2007).
76C. [Establishment and control.] Omitted by s. 99, ibid. (w.e.f. 11-5-2007).
76D. [Admission of goods.] Omitted by s. 99, ibid. (w.e.f. 11-5-2007).
76E. [Exemption from duties of customs.] Omitted by s. 99, ibid. (w.e.f. 11-5-2007).
76F. [Levy of duties of customs.] Omitted by s. 99, ibid. (w.e.f. 11-5-2007).
76G. [Authorised operations.] Omitted by s. 99, ibid. (w.e.f. 11-5-2007).
76H. [Goods utilised with a special economic zone.] Omitted by s. 99, ibid. (w.e.f. 11-5-2007).
76-I. [Drawback on goods admitted to a special economic zone.] Omitted by s. 99, ibid. (w.e.f. 11-5- 2007).
76J. [Duration of stay.] Omitted by s. 99, ibid. (w.e.f. 11-5-2007).
76K. [Security.] Omitted by s. 99, ibid. (w.e.f. 11-5-2007).
76L. [Transfer of ownership.] Omitted by s. 99, ibid. (w.e.f. 11-5-2007).
76M. [Removal of goods.] Omitted by s. 99, ibid. (w.e.f. 11-5-2007).
76N. [Closure of a special economic zone.] Omitted by s. 99, ibid. (w.e.f. 11-5-2007).
CHAPTER XI SPECIAL PROVISIONS REGARDING BAGGAGE, GOODS IMPORTED OR EXPORTED BY 1[POST, COURIER] AND STORES Baggage