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of <h1>DGFT Clarifies FOB Restrictions on DEPB Scheme: Clubbing Rules and Timely Application Submissions Explained.</h1> The circular addresses the applicability of FOB restrictions on imports under the DEPB scheme, specifically regarding the clubbing of multiple DEPBs and submission of applications within the prescribed time. It clarifies that when clubbing DEPBs for clearance, the FOB value for CIF restrictions should be proportionate to the DEPB credit used. For timely application submissions, applications with all required documents are considered complete, even with deficiencies, but those missing documents at submission may face penalties or rejection. This guidance is issued by the Directorate General of Foreign Trade with the approval of the DGFT.
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