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of <h1>Clarification on EPCG, Duty Exemption, and DEPB: No Penalties for Missing Logged DEEC; Updated DEPB Rates Allowed.</h1> The circular addresses procedural issues related to the Export Promotion Capital Goods (EPCG) scheme, Duty Exemption, and Duty Entitlement Passbook (DEPB) scheme. It clarifies that Duty Free License holders who present necessary export documentation, excluding the Logged DEEC Book, should not be penalized as defaulters. For DEPB claims, if export rates were notified after initial claims, supplementary DEPBs can be issued if applications are timely. Additionally, the average export obligation for EPCG should be calculated based on the three licensing years prior to the application year. These clarifications are approved by the Director General of Foreign Trade.
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