Conversion of free shipping bills into Advance License/ DEPB/ DFRC/ Drawback shipping bills and conversion of shipping bills from one export promotion scheme to another - regarding

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....cular Nos.6/2003-Cus. dated 28.1.2003 and 40/2003-Cus. dated 12.5.2003 in terms of which conversion of free shipping bills into Advance Licence /DEPB/DFRC/Drawback shipping bills and conversion of shipping bills from one export promotion scheme to another was permitted subject to specified conditions.  2. The issue of permitting conversion of free shipping bills into Advance Licence /DEPB/DFRC/Drawback shipping bills was discussed in the Conference of Chief Commissioners on Tariff & allied matters held on 25th and 26th September, 2003.  The Conference felt that in cases where the exporters had filed free shipping bills on their own, it would not be advisable to permit such conversion.  3. The issue has been re....

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.... rate of duty drawback, where  rate is claimed in terms of Rule 6 or Rule 7 of the Customs & Central Excise Duties Drawback Rules.  3.2 As regards permitting conversion of free shipping bills into Advance Licence /DEPB/DFRC shipping bills is concerned, it is true over a period of time, with liberalization having been ushered in the Customs administration, clearance of goods is being permitted mostly on the basis of self-declaration made by the exporters on the shipping bills.  Such self-assessment scheme necessarily casts the responsibility on the exporter to make up his mind at the time of filing shipping bills as to which export promotion incentive he likes to avail.  With the introduction of the system of....