DEPB credit calculation: use reduced bulk drug rates and non specified rates averaged, subject to minimum composition weight thresholds.
DEPB for formulations of bulk drugs is determined by taking seventy five percent of constituent bulk drug DEPB rates and, for multi constituent formulations, averaging those adjusted rates. If a constituent lacks a notified rate, use the Serial Number 40 (non specified bulk drug) rate and average it with seventy five percent of the notified bulk drug rate. The Serial Number 40 averaging method applies only where the non specified constituent comprises at least twenty percent by weight; constituents under the weight threshold are treated as zero contribution.

Endorsement of 'not ready' on receipts required when licence documents are unavailable, with counter officer signature and date.
When an applicant presents the receipt and valid identity card and requests confirmation, the person in charge of the counter must endorse the back of the receipt with the notation "not ready" and add his or her signature and date to record that the licence/documents/deficiency letter are not available at the counter.

Preferential tariff treatment under GSP clarified; authorised agencies for Certificates of Origin and procedural amendments specified.
Paragraph 4.25 is amended to describe the GSP as unilateral preferential tariff schemes and to note India's participation in GSTP, BA and SAPTA subject to rules of origin. The amendment designates authorised agencies to issue Certificates of Origin, names the Export Inspection Council as sole issuer under GSTP and sole printer of blank certificates, permits authorised agencies to charge approved fees, adds Appendix-51 listing agencies authorised to issue GSP Certificates of Origin, redefines Appendix-51B to cover only non-preferential Certificates of Origin, and includes administrative amendments to Appendices 42, 32B and related corrigenda on NFEP for the STP scheme.

DEPB rate amendments update: corrected export product descriptions, revised entitlement rates and adjusted value caps affecting multiple product groups.
Appendix 28A of the Handbook of Procedures is amended to correct export product descriptions across engineering, chemicals, plastics, textiles and miscellaneous groups, to revise DEPB rates for specified items, to add new entries (including automotive oil filters, aluminium alloy billets, empty hard gelatin capsules and ethambutol HCL) with assigned DEPB rates, and to amend value caps for specified textile and miscellaneous products, the notice directing replacement of the existing Appendix 28A entries with the corrected descriptions, rates and caps.

Export policy change for niger seeds: designated agencies may export to the US, TRIFED excluded, no sharing permitted.
The export policy for niger seeds removes TRIFED as a canalising agency for exports to the United States and specifies that NAFED, NDDB, the named State cooperative oilseeds federation, the named state agricultural processing and export corporation and nominated state agencies may export to the United States directly or register qualified exporters for permit-based exports; exports to the United States will not be subject to sharing arrangements and the previously stated commission rate in the earlier circular is amended upward, with all other terms unchanged.

Exclusion of sheep and goat from cattle classification permits live export subject to standard export conditions and approvals.
The term cattle in the ITC(HS) export classification excludes sheep and goat; accordingly live sheep and live goats are treated separately and are freely exportable under the export policy, subject to the usual export conditions and regulatory requirements applicable to live animal shipments.

Classification under ITC(HS) clarified: product-specific Exim Codes assigned with conditional import treatment noted.
Clarifications on the ITC(HS) classification of specified export and import items were issued, advising applicants of the appropriate Exim Codes based on committee decisions and the Directorate's clarification procedure. A consolidated list of products with assigned Exim Codes and remarks is provided, including conditional treatment notes where classification depends on composition, intended use, import context, or requires specific approvals.

Debonding under EPCG scheme: export-obligation and bonding rules apply; additional obligation based on depreciated value may be imposed.
Debonding under the EPCG scheme requires the debonding unit to submit a BG/LUT with the licensing authority when applying. For firms with multiple units, the average export obligation for remaining units remains unchanged, while the debonding unit's obligation is fixed by excluding its exports from the firm's total concurrent exports; an additional export obligation calculated as a multiple of the depreciated value may be imposed depending on the scheme. Standalone EOU/EPZ units that debond are not subject to average-maintenance obligations but are subject to the additional depreciated-value based obligation.

Correction of Public Notice date: references to PN No.7 in PN No.32 must be read as 24th April 1999.
The Director General of Foreign Trade issues a corrigendum to Public Notice No.32/(RE-99)/1997-2002 under powers in the Export and Import Policy, directing that every reference to the date of Public Notice No.7 in Public Notice No.32 should be read as "24th April, 1999," framed as a ministerial correction issued in the public interest to amend the reference date without altering other provisions.

EPCG licence self-declaration: nexus fixation by HQ committee and liability for customs duty with interest if disallowed.
The Notice amends the Handbook of Procedures to permit EPCG licence self-declaration subject to final nexus fixation by the Hqrs. EPCG Committee, requires forwarding of applications to that Committee, and imposes applicant undertaking to pay customs duty with interest if capital goods are disallowed. It reallocates licence-granting authority by CIF value bands, deletes paragraph 6.8(B), tightens debonding prohibitions for second-hand capital goods, and revises newcomer duty-free and advance licence verification, bank guarantee and export-obligation conditions.

Transferability of advance licences allowed for expired cases where administrative delays prevented endorsement; revalidation subject to certification.
Revalidation and endorsement of transferability for Advance Licences may be granted where export obligations were completed before the prescribed cut off but endorsement failed due to administrative delays or where licences could not be submitted because of DEEC logging or MODVAT reversal delays; requests must be filed within the prescribed deadline, supported where applicable by a customs certificate of delay, and licensing authorities must complete endorsements within the stipulated timeframe, with revalidated licences having limited residual validity and no revalidation where transferability already effected.

Deemed export benefits clarified: corrigendum replaces referenced '10th' with '16th' in the policy paragraph for consistent application.
Corrigendum to Policy Circular No. 33 on admissibility of deemed export benefits instructs that every occurrence of '10th' in Paragraph (2) be read as '16th', directed to Licensing Authorities, Export Promotion Councils, Commodity Boards and industry stakeholders to ensure consistent application of the corrected reference.

Deemed export benefits reinstated: prior circular restored and restrictive guidance withdrawn, entitling main contractors to benefits.
Policy amendments designate the Special Imprest License to the main contractor and remove the restriction that limited deemed export benefits to goods manufactured by the main contractor. Consequently, Policy Circular No.57 is withdrawn and the prior DGFT circular dated 18th March, 1994 is restored as the governing guidance, with supplies during the intervening period and subsequently being entitled to deemed export benefits under the reinstated circular.

Deemed export benefits continued for contracts with pre-suspension letters of intent, subject to delivery schedule and certification.
Deemed export benefits under Paragraph 10.2(d) of the Exim Policy, 1997-2002, are extended to contracts with letters of intent issued prior to the World Bank suspension date, where tenders were evaluated under World Bank procurement procedures; benefits apply during the contracted delivery period including authorised extensions. Contracts completed before this Public Notice are ineligible for special imprest licence unless licence application preceded supply. The Project Authority must certify in Appendix 14 A that the contract was entered into prior to the suspension date.

Special Import Licence eligibility for electronic and telecom exporters requires an additional declaration preventing duplicate applications.
Eligibility for Special Import Licence is available to exporters of telecommunication equipment and electronic goods who must apply in prescribed form to the licensing authority or the Development Commissioner of the EPZ with documents specified in Appendix 20C; additionally, a signed declaration that no other application has been made for the same exports for the same period to the Development Commissioner of the EPZ must be submitted.

Dried garlic classification clarified: treated as dried when moisture content is within the prescribed threshold, regardless of drying method.
Imports of Dried Garlic shall be treated as dried garlic for tariff classification where the garlic's moisture content does not exceed the specified threshold, regardless of the method of drying; this administrative clarification directs importers and customs officials to apply the relevant tariff classification when that moisture criterion is satisfied.

Deemed export benefits extended for OECF financed power projects pending assistance, subject to reimbursement if funding fails.
Deemed export benefits under paragraph 10.3 of the Exim Policy, 1997-2002 are made available for supplies to Faridabad Gas Based Power Station (NTPC), Simhadri Thermal Power Project (II) (NTPC) and Bakreshwar Thermal Power Project (III) (WBPDCL), projects financed by OECF, pending availability of further OECF assistance; if subsequent OECF assistance does not materialize, the respective project authority must fully reimburse all deemed export benefits to the Government of India.

Surrender of special import licence required for valuewise shortfall; applies to licences issued before 1 April 1997 pending regularisation.
Surrender of Special Import Licence is required to regularise valuewise shortfall in export obligation by surrendering SILs equivalent to four times the CIF value of imports on a pro rata basis, and this surrender requirement applies to licences issued prior to 1 April 1997 where cases are still pending for regularisation.

EPCG self declaration option permits licence applications subject to nexus review and Customs duty plus interest liability.
Paragraph 6.8B allows applicants to apply for EPCG licences on the basis of self declaration, subject to nexus fixation by the Headquarters EPCG Committee; applicants must undertake to pay Customs duty plus 24% interest if capital goods are disallowed. Public Notice amendments permit extension of export obligation periods where Bank Guarantees exceed the requested period by six months and provide that existing Bank Guarantees covering Customs duty plus 24% interest need not be replaced when proved to the licensing or Customs authorities.

Export quota allocation: sugar reallocated from free sale quota for preferential export to EEC under amended regulation.
Authorization to place quantities of raw and white sugar from the 1998-99 free sale quota into the 1999-2000 preferential export quotas for the EEC, reallocating domestic free-sale supply to preferential exports; and a corrective amendment replacing the cited EEC regulation reference '2782/6' with '2782/76', issued with the approval of the Director General of Foreign Trade.