HB Vol.1 Classification - DES/DEPB/EPCG

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.... of ZALC and RALC from 1.4.99 in respect of various applications which are pending for decision in ZALC/ RALC including the applications referred to the technical authorities, it has been decided that the applicant may be given the option to convert such applications under paragraph 7.5 read with Customs notification 30/97 dated 1.4.97. The option shall be exercised for conversion before 30th June....

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....e shall not exceed 100% of the average FOB value of their exports in the preceeding three licensing year. 3. Paragraph 7.51 and 7.52 allows issuance of DEPB against lost Shipping Bills and Bank Certificate. The provision regarding lost Shipping Bill was incorporated by Public Notice No. 59 (RE-98) dated 24.12.98 whereas the provision for the Bank Certificate was incorporated in the revised Hand....

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....ort of second hand capital goods, the same may be imported subject to the conditions stipulated in paragraph 5.4 of the Handbook (Vol.1) (incorporating amendment upto 13th April, 1998) 5. In terms of paragraph 7.6 of the Handbook (Vol.1), Advance Licences to newcomers can be issued only against confirmed irrevocable Letter of Credit. The objective of the provision was to safeguard the interest ....