Amendment in the procedure of DEPB Verification – ref. PN 176/98 dated 18.12.1998

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.... Scrip holder in favour of the person as per format given in the Annexure-D shall be presented in duplicate to the clerk. The details shall be entered in a register as per the profroma given in Annexure -D shall be presented in duplicate to the clerk. The details shall be entered in a register as per the proforma given in Annexure - E and continuous running serial number in the form xxx/year shall be given against this entry by the clerk in his own handwriting. This number shall be identification number for the person concerned and shall be endorsed by the clerk under his signature and stamp on both the copies of the certificate. One copy of this certificate shall be returned to the concerned person and another copy shall be kept in office records in a separate file, which shall be under the personal custody of the clerk and shall be kept under lock and key by him. (c) Submission of documents :- Once a person has been registered as above on the recommendation of a company/firm, he/she will be eligible to submit and receive DEPB Scrips of the company/firm for verification. However, for all scrips presented for verification, an authority letter issued by the licence holder in the pr....

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....ll personally verify the particulars of S/Bs from data available in the computer and ensure that the goods covered by S/B have already been shipped and so figure in the relevant EGM. In other words, they must compare the name of the exporter, description of the goods, number of packages, security number of the S/Bills, date of saling, etc., with the data available on the computer. In case of any discrepancy, particulars should be verified from the hard copy of the EGM till the system of entering EGM details in the computer is put in place. After verification of shipment details, the E.O.'s will also check the correctness of credit permitted in the DEPB and hand over files to the respective Appraisers on the same day as per the charge distribution, with endorsements in respective files. They shall also sign in full on the reverse of the DEPB scrip in the prescribed place in token of having completed the verification. All DEPB copies of S/Bills shall be defaced by drawing two red lines diagonally on the entire length of S/Bills. 5 The Appraisers scrutinize the file to ensure that proper verification of fact of the shipments as been completed by the Examiner and then check the correc....

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....rk in safe custody under lock and key. The DEPB scrips not collected within 7 days of the submission should be entered in a separate register which should be put up to the A. C. (Admn.) for his information and directions on every Monday of the week. 8 In terms of condition (vii) of Notification No. 34/97-Cus dated 07.04.97 and Not. 45/02 governing exemption from duty under the DEPB scheme, where benefit of exemption from duty is claimed by a person who is not a DEPB holder, such benefit shall be admissible only against a specific amount of credit, not being a provisional credit, transferred by DEPB holder to such person. This means that clearance against DEPB to any person other than DEPB holder can be permitted only against specific amount of credit transferred by the DEPB holder himself. Hitherto, the Custom House has been permitting against DEPB transferred to the importer through intermediaries i.e. even in cases where DEPB was transferred by a DEPB holder to a third person who in turn transfers it to some other persons and ultimately to the importer. However, this is not the intention of the said Customs Notification. It is therefore clarified that henceforth exemption of dut....

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....d at the time of export shipment, the acceptance of the CHA for undertaking verification (this is to be signed by proprietor/partner of the CHA firm). 4. Application of the exporter with the request for verifying the DEPB scrip. 5. Statement as prescribed in Annexure-G giving the details for each DEPB licence for the shipping bill no./date, description of the goods, Net Weight, Gross Weight, DEPB Serial number, SION No., DEPB Cap if applicable, Exchange rate as in the shipping bill and Realization Rare (RR), FOB value as shown in the shipping bill, Bank Realization Certificate, DEPB rate and entitlement amount. 6. Triplicate copy of the relevant shipping bills with enclosures/declarations. 7. Original and one photocopy of DEPB scrip with enclosures. 8. Copy of AR4 form in original 9. Mate Receipt/Bill of Lading showing "Shipped on Board". 10. Bank Realization Certificate. 11. Any other documents considered relevant by the exporter. ANNEXURE - B SUBMISSION SHEET FOR DEPB VERIFICATION SCRIP 1. Serial No. & Date 2. Name of the party and IEC 3. Licence number and port of Registration 4. Issuing office - DGFT 5. DEPB No. and date 6. DEPB face value 7. Shipping bi....