Regarding changes made in the provisions related to DEPB Scheme in the new Export Import Policy, 2002-2007 particularly to Para 4.43 of Handbook of Procedures
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DEPB scheme amendment: FOB-to-rupee conversion and revised application rules require separate filings for different policy periods. DEPB entitlement calculation now requires conversion of FOB export value into Indian rupees using the export exchange rate notified by the Ministry of Finance applicable on the Customs order of 'Let Export'. A revised, mandatory application form is prescribed for DEPB claims. Because many DEPB serial numbers and rates changed under the new policy, exporters must submit separate applications for exports under the earlier policy period and the new policy period to reflect differing serial numbers/rates and to avoid processing problems.
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DEPB scheme amendment: FOB-to-rupee conversion and revised application rules require separate filings for different policy periods.
DEPB entitlement calculation now requires conversion of FOB export value into Indian rupees using the export exchange rate notified by the Ministry of Finance applicable on the Customs order of "Let Export". A revised, mandatory application form is prescribed for DEPB claims. Because many DEPB serial numbers and rates changed under the new policy, exporters must submit separate applications for exports under the earlier policy period and the new policy period to reflect differing serial numbers/rates and to avoid processing problems.
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