Transferable & Non Transferable DEPB

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Full Text of the Document

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.... were issued without insisting on proof of realisation of export proceeds. During 1998-99 and 1999-2000, non-transferable DEPBs and transferable DEPBs (against exports made under letter of credit) were issued without insisting on proof of realisation of export proceeds. As per para 7.38 of Handbook of Procedures, wherever export proceeds are not realised within six months or such extended period a....