Clarification on certain issues relating to EPCG, Duty Exemption and DEPB Scheme

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.... 1998 To, All the Licensing Authorities All Commissioners of Customs and Central Excise The Federation of Indiasn Export Organisation, New Delhi. The Export Promotion Councils/Commodity Board All Chambers of Commerce and Industry / Association on the mailing list. Subject : Clarification on certain issues relating to EPCG, Duty Exemption and DEPB Scheme. Sir, In the Open....

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....dures, 1997-2002, (Vol.1) (RE : April, 1998) no exports shall be allowed under post export or pre-export DEPB Scheme unless the DEPB rate of export product is notified. Whereas Public Notice No. 10/(PN)/1997-2002 dated 21st May, 1997 issued during the pre-revised Policy had provided for exports of goods in anticipation of DEPB credit rate. However, no provision was made for grant of supplementary ....

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....ated……………… has already been issued. This DEPB has been issued against balance F.O.B. value Rs………………" Kind attention is invited to Paragraph 6.5 (v) of the EXIM Policy, 1997-2002, which stipulate that the export obligation shall be over and above the average level of exports of the same product achieved by him in the preceding three licensing years. Some exporters have re....