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(1) Notwithstanding
anything hereinbefore contained, no drawback shall be allowed--
1* * * * *
(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 2[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.
3*****
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1. Clause (a) omitted by Act 11 of 1983, s. 53 (w.e.f. 13-5-1983).
2. Subs. by s. 53, ibid., for five rupees (w.e.f. 13-5-1983).
3. 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).