Applicability of FOB restriction on imports made under the DEPB scheme in respect of clubbing of one or more DEPB and Submission of application within the prescribed time

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....f application within the prescribed time. GOVERNMENT OF INDIA MINISTRY OF COMMERCE DIRECTORATE GENERAL OF FOREIGN TRADE POL CIR NO. 26/(RE-99)/1999-2000 Dated 09-08-99 HB Vol.1 - DEPB Rate List - Appendix 28A - Time Limit for Application 1. Applicability of FOB restriction on imports made under the DEPB scheme in respect of clubbing one or more DEPB 2. Submission of applicatio....

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....iled against such DEPBs by the importer. For example, if importer has X DEPB with FOB value Rs. 1 crore mentioned on it against DEPB credit of Rs. 10 lakhs and the importer want to use a credit of Rs.2 lakhs from the X DEPB for clubbing with other DEPB, the FOB value taken for restriction against X DEPB shall be Rs.20 lakhs and the total imports allowed against X DEPB shall not exceed Rs.20 lakhs.....

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....pplication has been submitted alongwith the prescribed documents as mentioned in the Handbook (Vol. 1) for such category of application in time, such applications shall be treated as a complete application which is submitted in time though there may be some deficiencies in the application or documents. However, if an application has been submitted in time without the prescribed documents as mentio....