DEPB rate eligibility tied to aquaculture sourcing declarations; false declarations require repayment with interest and indemnity. Exporters of the covered marine products for the stated earlier period must submit to the licensing authority a declaration that exports were sourced from aquaculture farms/ponds with specific location and address. The licensing authority will perform random ex post verification of 10% of declarations after DEPB issuance. If a declaration proves incorrect, the exporter must return the DEPB with interest calculated from the DEPB date to repayment and provide an indemnity bond. The enhanced DEPB rate applies where the product description matches the earlier public notice even if it differs from the later notice.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
DEPB rate eligibility tied to aquaculture sourcing declarations; false declarations require repayment with interest and indemnity.
Exporters of the covered marine products for the stated earlier period must submit to the licensing authority a declaration that exports were sourced from aquaculture farms/ponds with specific location and address. The licensing authority will perform random ex post verification of 10% of declarations after DEPB issuance. If a declaration proves incorrect, the exporter must return the DEPB with interest calculated from the DEPB date to repayment and provide an indemnity bond. The enhanced DEPB rate applies where the product description matches the earlier public notice even if it differs from the later notice.
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