Re-export under DEPB: customs certificate enabling credit permits issuance of replacement DEPB to transferees subject to conditions. Re-export under the DEPB scheme where imported goods are defective permits the commissioner of customs to issue a certificate generating credit equal to 98% of the DEPB debit; that certificate enables the licensing authority to issue a fresh DEPB with the same port of registration and validity equal to the balance period of the original DEPB. Fresh DEPBs may be issued to transferees not being the original holder, must carry a prescribed endorsement identifying the original DEPB, and will be issued only after the licensing authority receives the customs certificate directly; delivery may occur against an authority letter if the transferee lacks an office identity card.
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.
Re-export under DEPB: customs certificate enabling credit permits issuance of replacement DEPB to transferees subject to conditions.
Re-export under the DEPB scheme where imported goods are defective permits the commissioner of customs to issue a certificate generating credit equal to 98% of the DEPB debit; that certificate enables the licensing authority to issue a fresh DEPB with the same port of registration and validity equal to the balance period of the original DEPB. Fresh DEPBs may be issued to transferees not being the original holder, must carry a prescribed endorsement identifying the original DEPB, and will be issued only after the licensing authority receives the customs certificate directly; delivery may occur against an authority letter if the transferee lacks an office identity card.
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