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of <h1>DGFT Clarifies Non-Production of DEEC Books for Duty-Free License Holders; Highlights Conditions for VABAL 1992-97 Compliance.</h1> The circular from the Directorate General of Foreign Trade addresses the non-production of logged DEEC Books by duty-free license holders. It reiterates that if all necessary documents are submitted and export obligations are met, the absence of a logged DEEC Book should not lead to default status. However, for Value-Based Advance Licenses (VABAL) from 1992-97, delays attributed to Customs are not acceptable, and action may be taken against license holders. The circular also discusses cases under Public Notice No. 5, audit cases, and the release of bonds or guarantees when formalities are completed. Regional Licensing Authorities are instructed to review and act on these matters.
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