Issue of transferable DEPBs & Registration with Councils dealing with main line

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....ing with main line of business I. Processing of DEPB with/without deficiencies : Attention of the Trade is invited to Para 4.44 and Para 4.47 of the Handbook of Procedures (Vol. I). As of now, the Mumbai office has been processing the applications by granting non-transferable DEPBs and without raising deficiencies even where the exporters had applied for transferable DEPB mistakenly without sub....

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.... not advisable. In view of the above, it has been decided that where transferable DEPB is applied by the exporters without furnishing the proof of date of realisation on the Bank Certificate, in such cases, non-transferable DEPBs would be issued without raising deficiency. However, if the application involves applying late cut, such applications will be returned with deficiencies. Further action ....