Duty exemption compliance: missing logged DEEC book not automatic default when export evidence proves fulfilment. Where a Duty Free License holder submits shipping bill and bank realisation certificate demonstrating 100% fulfilment, absence of a logged DEEC book alone should not lead to defaulter status. Supplementary DEPB claims are allowed for exports made anticipating later-notified DEPB rates if filed within the prescribed time, and such DEPBs must carry an endorsement noting the original DEPB, shipping bill, FOB values and balance value. For EPCG export-obligation calculations, the average of the preceding three licensing years is to be taken including the licensing year in which the EPCG application is filed.
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.
Duty exemption compliance: missing logged DEEC book not automatic default when export evidence proves fulfilment.
Where a Duty Free License holder submits shipping bill and bank realisation certificate demonstrating 100% fulfilment, absence of a logged DEEC book alone should not lead to defaulter status. Supplementary DEPB claims are allowed for exports made anticipating later-notified DEPB rates if filed within the prescribed time, and such DEPBs must carry an endorsement noting the original DEPB, shipping bill, FOB values and balance value. For EPCG export-obligation calculations, the average of the preceding three licensing years is to be taken including the licensing year in which the EPCG application is filed.
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