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Clarifications relating to DEPB Schemes
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....As and Members of the Trade is invited to the provisions regarding DEPB Scheme. Notification No. 96/2004- Cus dtd. 17.09.2004 issued under DEPB Scheme expired on 30.09.2005 and subsequently a new notification (No. 89/2005-Cus dtd. 04.10.2005) has been issued to allow imports under DEPB Scheme without payment of customs duty upto 31st December, 2005. There was, thus, a gap of three days between th....
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.... 96/2004-Cus dtd. 17.09.2004. The DGFT has also raised another point stating that at times the DEPB scrips issued under 45/2002 Cus (i.e. customs notification governing DEPB imports prior to 17.09.2004) are revalidated based on the evidence of dealy caused either at the Customs end or at the DGFT end in terms of paragraph 2.13 of the HBP. The DGFT has suggested that in such cases, the scrips shou....
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....sis. It is also clarified that DEPB benefit may be extended to imported goods under notification no. 89/2005 Cus even if the DEPB licence contains an endorsement that it is issued under notification no. 96/2004-Cus. This would be subject to the condition that the DEPB licence is valid to cover the imported goods and all conditions of notification 89/2005-Cus are fulfilled. It is further clarified....