The CBR has issued a central excise standard notification SRO.259(I)/2004 here on Saturday benefiting the exporters of these products made of cement and white chrysotile asbestos.
The rate of CED rebate would be Rs 5.56 per M2n/5mm or 3.82 percent of the fob value, whichever is less, on the export of fibre cement pipes made of cement and white chrysotile asbestos and Rs 3.95 per M2n/5mm or 4.24 percent of the fob value, whichever is less.
For obtaining payment of rebate, the CBR has made it mandatory for the importers to submit proof of CED payment pertaining to each consignment to the concerned authority.
The CBR has used powers conferred by rule 12A of the Central Excise Rules, 1944 to notify the decision.