TaxTMI 
TaxTMI 
TaxTMI 
Exemption of SAD in case of unutilized DEPB for exports prior to 1.4.02
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....ollowing amendment in the Handbook of Procedures (Vol.1):- For debiting of Special Additional Duty (SAD) in respect of DEPBs issued under Customs notification 45/2002 dated. 22.4.2002, the issue of SAD in respect of exports made prior to 1.4.2002 under the DEPB scheme has been examined. Since the DEPB rates were worked out taking into account only the incidence of basic customs duty, It has been ....
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....the basis of the DEPB rate available on the date of order of "Let Export". The FOB value in free foreign exchange shall be converted into Indian rupees as per the exchange rate for exports notified by Department of Revenue applicable on the date of order of "Let Export" by the Customs. However, while issuing the DEPB in respect of such shipments, a specific endorsement may be made that the DEPB is....
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....prior to 1.4.02 and return it within 3 working days. 4. In respect of the cases, where the applicant has already obtained DEPB covering shipments, where the date of order of "Let Export" is both prior to 1.4.2002 and subsequent to 1.4.2002, such applicants may surrender such DEPB(s) for cancellation and in lieu thereof, two separate DEPB may be issued, one covering the exports where the date of o....
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....be endorsed that these DEPBs have been issued under Customs notification 34/97 dated 7.4.97 read with paragraph 7.43 of Handbook of Procedure (Vol.1), 1997-2002. 6. In respect of partially utilised DEPB where the date of order of "Let Export" is both prior to and after 01.04.2002, the endorsement would be made only to the extent of value of DEPB claimed on exports where date of order of "Let Expo....