Special Economic Zone renaming and DEPB adjustment rules updated, plus administrative corrections to handbook appendices. Amendments correct paragraph numbering and provide that where foreign exchange realised is less than the amount on which DEPB credit was obtained, the DEPB holder must pay, in cash, an amount proportionate to the duty-free credit utilised on imports, including SAD, with 24% interest from the date of imports until deposit. The notice also substitutes 'FTZ/Free Trade Zone' with 'SEZ/Special Economic Zone' across specified appendices, adds Namakkal to licensing listings, corrects DEPB entitlement for theobromine, updates agency names/addresses, adds a certification agency, and deletes a chamber from the Certificate of Origin list.
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Provisions expressly mentioned in the judgment/order text.
Special Economic Zone renaming and DEPB adjustment rules updated, plus administrative corrections to handbook appendices.
Amendments correct paragraph numbering and provide that where foreign exchange realised is less than the amount on which DEPB credit was obtained, the DEPB holder must pay, in cash, an amount proportionate to the duty-free credit utilised on imports, including SAD, with 24% interest from the date of imports until deposit. The notice also substitutes "FTZ/Free Trade Zone" with "SEZ/Special Economic Zone" across specified appendices, adds Namakkal to licensing listings, corrects DEPB entitlement for theobromine, updates agency names/addresses, adds a certification agency, and deletes a chamber from the Certificate of Origin list.
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