taxes neutralized under the scheme are (i) Customs and Union Excise Duties in respect of inputs and (ii)
Service Tax in respect of input services.

Duty Drawback is of two types: (i) All Industry Rate and (ii) Brand Rate. The legal framework is provided
under Section 75 and Section 76 of the Customs Act, 1962 and the Customs and Central Excise Duties and
Service Tax Drawback Rules, 1995 (Drawback Rules, 1995) issued under the provisions of Section 75 of
the Customs Act, 1962, Section 37 of the Central Excise Act, 1944 and Section 93A read with section 94
of the Finance Act, 1994.

Il. Special Tax Benefits available to the Shareholders under the Act:

There are no special tax benefits available for the shareholders of the Company under the provisions of
indirect tax laws.

For Craftsman Automation Limited

Authorised Signatory
Name: C.B. Chandrasekar
Designation: Chief Financial Officer

Place: Coimbatore
Date: 25 February 2021

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