TaxTMI 
TaxTMI 
Assessment of Imports against DEPB under ICES-reg.
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.... manually : (i) Goods subject to anti-duping/safeguard duty; (ii) Project imports (iii) EPCG Scheme (iv) DEEC (v) DFRC (vi) Any other category of B/E which is being processed manually. 3. The Procedure for clearance will be as follows : (a) Verification of DEPB The DEPB shall be verified by the DEPB Section of the Air Cargo Complex (Group VII-A) where the exports have taken place. Procedure for verification of DEPB is prescribed in the Public Notice No. 44/99 dt. 20.11.99 relating to Exports under DEPB. For this purpose original DEPB issued by DGFT shall be produced to the designated officer in the DEPB Section for verification of the Shipping Bills against which the DEPB has be....
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.... printed by the system. The DEPB holder shall verify the details of DEPB in the checklist, if the same is correct, the DEPB holder shall sign the checklist and return the same to the designated officer. The designated officer shall then register the DEPB in the system. (iii) On registration of DEPB, system will generate a "REGISTRATION NUMBER" which shall be endorsed on the face of the original DEPB in bold figures with the name of AIR CARGO COMPLEX. For further activities, either for debiting against a B/E or obtaining a Release Advise, only this registration number shall be used. Without the registration, the system will not accept any claim of exemption of RA against a DEPB. The DEPB which have already been partly utilised befor....
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.... correct the checklist will be signed by the DEPB holder and returned to the proper officer who will exercise option for issue of TRA in the system. The system shall generate three copies of the RELEASE ADVISE titled as : Customs copy - for port of issue (Office copy) Customs copy - for port of clearance Importers copy The office copy of Port of Issue shall be retained by the TRA issuing Customs station and placed in the respective TRA file. Customs copy for port of clearance will be dispatched to the respective Customs station and the Importers copy of TRA shall be handed over to the applicant. (ii) Receiving of Transfer Advices The TRAs received from other Customs station will be regis....
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....d against one item, the importer will be required to indicate the DEPB Regn. No. and CIF value of the goods for each DEPB to cover the entire CIF value against that item. For each item claimed for exemption under DEPB, details referred to above will be required to be indicated. The System will determine the duty amount on the basis of CIF/Quantity of goods and shall debit the duty from the DEPB credit ledger and the CIF from the FOB of Export. If sufficient balance to cover the CIF value and the Duty foregone is not available in the DEPB, the system will disallow submission of the B/E. In case , where Importer wants to clear some quantity under DEPB Scrip and balance on duty payment then he should clearly indicate in B/E, the quantity....
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....B/E in the system. Erros, if any, noticed may be got corrected by the entry operator. (f) SUBMISSION OF B/E On submission of the B/E in the system, an UN-ASSESSED copy of the B/E will be printed by the system containing statement of debit of DEPB for export FOB and Duty amount in respect of each item of an invoice for which exemption is claimed against DEPB. (g) ASSESSMENT OF B/E All the Bs/E where exemption against DEPB is claimed will be directed for assessment to Group VII-A. This Un-assessed copy of the B/E along with all the original import documents and all the DEPB scrips in original indicating total amount of duty credit and export FOB utilised, in the debit sheet attached to the scrips should be presented to the designa....
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....FOB in the DEPB. Where exemption from additional duty is not claimed, only basic duty and surcharge on basic duty will be debited. These debits will be made by the system in the DEPB Ledger. If more than one DEPB is utilised against an item only CIF amount to be debited against each DEPB should be indicated by the importers. The duty amount will be proportionately calculated by the system for debit in the DEPB. The importers therefore should ensure that sufficient balance in the duty credit amount and export FOB is available in the DEPB to cover amounts of both components, for debit, failing which the system will not accept the declaration for B/E. In case the importer desires to utilise the DEPB for part of the quantity of an item in th....