DEPB credit use for customs duty on imports under transferable Special Import Licence clarified and credit rates notified. The Director General of Foreign Trade notifies product-specific DEPB credit rates by annexure to Appendix-28A of the Handbook (Vol. I), amends paragraph 7.36 to treat grouped seaports/airports/ICDs in the same city as a single port for DEPB entitlement, and inserts paragraph 7.36B permitting DEPB credit to be utilised for payment of customs duty on items imported under a freely transferable Special Import Licence.
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 credit use for customs duty on imports under transferable Special Import Licence clarified and credit rates notified.
The Director General of Foreign Trade notifies product-specific DEPB credit rates by annexure to Appendix-28A of the Handbook (Vol. I), amends paragraph 7.36 to treat grouped seaports/airports/ICDs in the same city as a single port for DEPB entitlement, and inserts paragraph 7.36B permitting DEPB credit to be utilised for payment of customs duty on items imported under a freely transferable Special Import Licence.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
