Export-import compliance: revised security, documentation and DEPB validity rules alter licence and guarantee obligations under the Handbook. Amendments to the Handbook of Procedures (Vol.1) revise applicability, security and documentation requirements: DEPB exclusion from paragraph 2.12.2; duplicate DEPB validity matching original balance where loss unrelated to Customs or Licensing Authorities; revised bond/guarantee and legal undertaking obligations for Status Holders/PSUs, manufacturer and merchant exporters; free import of second-hand capital goods up to ten years for actual users; enhanced recordkeeping for licence-wise consumption; and multiple corrections to application forms, appendix formats and FOB treatment for DEPB computation.
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Provisions expressly mentioned in the judgment/order text.
Export-import compliance: revised security, documentation and DEPB validity rules alter licence and guarantee obligations under the Handbook.
Amendments to the Handbook of Procedures (Vol.1) revise applicability, security and documentation requirements: DEPB exclusion from paragraph 2.12.2; duplicate DEPB validity matching original balance where loss unrelated to Customs or Licensing Authorities; revised bond/guarantee and legal undertaking obligations for Status Holders/PSUs, manufacturer and merchant exporters; free import of second-hand capital goods up to ten years for actual users; enhanced recordkeeping for licence-wise consumption; and multiple corrections to application forms, appendix formats and FOB treatment for DEPB computation.
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