TaxTMI 
TaxTMI 
Amendments and Corrections in the Handbook (Vol 1)
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....er the Customs or the Licencing Authorities, the duplicate DEPB issued would have a validity equivalent to the balance period of validity of the original DEPB on the date of application for the duplicate DEPB. 3) The second sub para of Paragraph 2.20 is corrected as under: "The Status Holders/ PSU's and Manufacturer exporter registered with excise authority with export of Rs.1 crore and above in preceding year and who has not been penalised under the Customs Act, Excise Act, Foreign Trade (Development and Regulation) Act, 1992 and FERA shall be required to furnish Legal Undertaking in the form given in Appendix-21A. Other Manufacturer exporters shall be required to furnish bond supported by Bank Guarantee to the extent of 25% of Excis....
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....and certificate of registration with Central excise authorities. They shall also give a declaration that they have not been penalised under any of the Acts mentioned in this paragraph." 9) Paragraph 4.15.6 is corrected as under: Where the import of gold/ silver is permitted as an input under this scheme, such gold/silver can be sourced through the nominated agencies as given in Chapter 4 of the Policy for supply against the Advance Licences issued in this behalf. Before supply of this material, the nominated agencies should follow the same procedure as given in 4.15.1 above." (In this correction, para 4.13 has been substituted by 4.15.1) 10) The first sentence of paragraph 4.25(i) pertaining to physical exports is corrected as u....
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....80 may be corrected to read as under:- "A Replenishment licence for duty free import of consumables, equal to 1% of FOB value of exports of the preceeding year may be issued on production of Chartered Accountant's Certificate indicating the export performance. This licence shall be non transferable and subject to actual user condition. This replenishment licence shall be valid for duty free import of consumables as notified by customs. Application for import of consumables as given above may be made to the concerned Regional Licensing Authority in the form given in Appendix 13. 16) Paragraph 5.7.6 is corrected as under In case of export of handicraft, handlooms, cottage, tiny sector, computer software, agriculture, aquaculture, ani....
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....g to the "Date of Shipment / Dispatch in respect of Imports" is renumbered as 9.11A. 21) A) The words and expression "paragraph 2.55" and "paragraph 2.55.2" appearing in the note to Appendix 4 and Appendix 4A respectively are corrected as "paragraph 3.12.2". B) The heading of Appendix 6A is corrected as "PROCEDURE FOR DEPOSIT OF APPLICATION FEE" C) The following added at S.No 5 to the list of "Documents to be enclosed with the application form:" under Appendix 9 pertaining to the "Application Form for Grant of Licences for Capital Goods including Computer, Computer Sub-Systems and Service Equipment under the EPCG Scheme" 5. Registration certificate with the Service Tax Authorities. However this is applicable only for service ....
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.... S.No 2 and Columns (10) & (11) of the Table at S.No 7 of Appendix would be inclusive of commission. (This is to clarify that the DEPB rate would be computed on the FOB value including commission) H) The table at S.No 11.on "Details of items sought to be imported duty free as replenishment" of Appendix 10 D pertaining to "Application Form for Grant of Duty Free Replenishment Certificate" is corrected as under: S. No Import Item Technical Characteristics (for sensitive items as per para 4.31 of Handbook) Total Quantity Unit of Measurement (U/M) Description ITS(HS) Code Name Code I) Para (h) of Appe....
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....he preceding three licencing years basis. 2. I/ We hereby declare that the FOB/ FOR value of exports of products shown above are our direct exports/ supplies and also the direct exports/ supplies of our subsidiary company which are true and correct and are in accordance with the accounts maintained by me/ us. M) S.No (i) and (vii) of the Certificate of Chartered Accountant/Cost and Works Accountant/ Company Secretary under Appendix 17 pertaining to the "Application for grant of Export House/ Trading House/ Star Trading House/Super Star Trading House" is corrected as under: M/s …………………………………and their subsidiary company namely M/s……….…… (full name and address of the applicant) have made the exports....