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OFFICE OF THE
COMMISSIONER OF CUSTOMS, |
PUBLIC
NOTICE NO. 129 /2001
Subject: Abolishing of Pre-export
DEPB Scheme.
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Government of India, Ministry of
Finance, Department of Revenue, New Delhi, Circular No.26/2000-Cus. vide
F.No.605/64/2000-DBK dated 03.04.2001,
is reproduced below for the guidance of the importers, clearing agents and
trading staff.
C11/45/2001-AP (PORT)
(S. SANKARAVADIVELU)
CUSTOM HOUSE, CHENNAI-1.
DY. COMMR. OF CUSTOMS (APPG)
DATE :29.06.2001
____________________________________________________________________
Circular
No.26/2000-Cus.
F.No.605/64/2000-DBK dated 03.04.2000
The revised Exim Policy and the corresponding Handbook of Procedure, Vol.I have come into effect from 1.4.2000. Apart from other changes in this Policy, the Pre-Export DEPB Scheme has been withdrawn. However, the provision made in Notification No.34/97-Cus. Dated7.4.97 to permit duty free import of goods against such Pre-Export DEPB scrips by its amendment vide Notification No. 66/97-Cus. Dated 3.9.97 shall continue to operate so as to provide for import of inputs against Pre-export DEPB scrips issued prior to 1.4.2000. This provision shall automatically become redundant once all such DEPB scrips are exhausted, as no fresh pre-export DEPB scrips would be issued by the Licensing authorities with effect from 1.4.2000.
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