FOB value for DEPB credit: use bank certificate FOB unless customs formally reduces shipping bill FOB for stated reasons. The FOB value for DEPB credit must be the FOB stated in the bank certificate of export for post export issuance and pre export offsetting, except where customs have reduced the Shipping Bill FOB on account of Present Market Value or other specified reasons recorded in writing; the Shipping Bill FOB is endorsed on the DEPB only for customs verification and release of Bond/Bank Guarantee.
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.
FOB value for DEPB credit: use bank certificate FOB unless customs formally reduces shipping bill FOB for stated reasons.
The FOB value for DEPB credit must be the FOB stated in the bank certificate of export for post export issuance and pre export offsetting, except where customs have reduced the Shipping Bill FOB on account of Present Market Value or other specified reasons recorded in writing; the Shipping Bill FOB is endorsed on the DEPB only for customs verification and release of Bond/Bank Guarantee.
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