Revised Guidelines for determination / verification of the Present Market Value (PMV) under DEPB Scheme

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....rification of the Present Market Value (PMV) under DEPB Scheme Attention is invited to Circular No. 15/97-Csu dt. 3.6.97. The instructions contained in Para 3, 4, & 5 of the above Circular, in sofar as they relate to verification of the Present Market Value (PMV) under DEPB Scheme, are hereby superceded by the Guidelines in this Circular :- 1. As you are aware para 7.36A of Public Notice No.....

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.... of transportation. Accordingly the amount of credit is to be restricted with reference to the domestic price of the product, and not with reference to the FOB price declared on the GR From/ Shipping Bill. 3. Determination of PMV (i) Manufactures Exporters (a) As regards Manufacturers- Exporters who export under AR4 form, where the AR4 value is declared as the PMV, the same sh....

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....shall be accepted as PMV. 4. (ii) Merchant Exporters (a) In the case of export goods purchased from the open market, or from a Manufacturer, the PMV will accepted on the basis of Guidelines in paras (a) to (b) of para 3(1) ibid. (b) In case the PMV of the goods can not be determined as per the para above, the exporters may be required to furnish the sale invoice of the Authori....