LUBRICATING PREPARATIONS (INCLUDING CUTTING-OILPREPARATIONS, BOLT OR NUTRELEASE PREPARATIONS, ANTI-RUSTOR ANTI-CORROSION PREPARATIONSAND MOULD RELEASE PREPARATIONS,BASED ON LUBRICANTS) ANDPREPARATIONS OF A KIND USED FOR THE OIL OR GREASE TREATMENT OFTEXTILE MATERIALS, LEATHER,FURSKINS OR OTHER MATERIALS, BUTEXCLUDING PREPARATIONSCONTAINING, AS BASICCONSTITUENTS, 70 % OR MORE BYWEIGHT OF PETROLEUM OILS OR OFOILS OBTAINED FROM BITUMINOUS MINERALS.
HS codes falls under this category.
| HS Codes | Duty Drawback | Unit | Drawback Rate | Drawback cap per unit in Rs. |
| 340311 | Duty Drawback | - | 1.5 | - |
| 340319 | Duty Drawback | - | 1.5 | - |
| 340391 | Duty Drawback | - | 1.5 | - |
| 340399 | Duty Drawback | - | 1.5 | - |
PLEASE NOTE: TOTAL INCENTIVE EQUALS SUM OF MEIS AND DUTY DRAWBACK.FOR INSTANCE, FOR Other FALLING UNDER HS CODE: 150290 INCENTIVES FROM THE GOVERNMENT IS 0.15%.
| HS Codes | Product Description | Reward under MEIS |
| 340311 | Containing petroleum oils or oils obtained from bituminous minerals:Preparations for the treatment of textile materials, leather, furskins or other materials | - |
| 340319 | Other | - |
| 340391 | Other:Preparations for the treatment of textile materials, leather, furskins or other materials | - |
| 340399 | Other | - |