DEPB validity clarified ensuring duty credit entitlement exists on the date of duty debit, with related EPCG transitional adjustments. DEPB is affirmed as a duty credit entitlement that must be valid when actual duty is debited; certification for imported metallic waste/scrap must confirm classification by internationally accepted parameters. Indigenous manufacturers supplying EPCG holders may seek Advance Licences for deemed exports to import components. Transitional provisions allow issuance or conversion of Advance Licences for unutilised prior EPCG licences without extra fee and permit reissuance under prior EPCG schemes for a specified import window. Licence-holders must produce installation certificates within six months. DEPB valuation requires converting FOB free foreign exchange at the authorised dealer's T/T buying rate on negotiation date and licensing authorities must endorse DEPBs with CIF/FOB limitations. Appendix-28A product descriptions are corrected.
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Provisions expressly mentioned in the judgment/order text.
DEPB validity clarified ensuring duty credit entitlement exists on the date of duty debit, with related EPCG transitional adjustments.
DEPB is affirmed as a duty credit entitlement that must be valid when actual duty is debited; certification for imported metallic waste/scrap must confirm classification by internationally accepted parameters. Indigenous manufacturers supplying EPCG holders may seek Advance Licences for deemed exports to import components. Transitional provisions allow issuance or conversion of Advance Licences for unutilised prior EPCG licences without extra fee and permit reissuance under prior EPCG schemes for a specified import window. Licence-holders must produce installation certificates within six months. DEPB valuation requires converting FOB free foreign exchange at the authorised dealer's T/T buying rate on negotiation date and licensing authorities must endorse DEPBs with CIF/FOB limitations. Appendix-28A product descriptions are corrected.
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