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OFFICE
OF THE COMMISSIONER OF CUSTOMS, |
PUBLIC NOTICE NO: 152
/2001
Sub: Validity of brand rate
letters issued by the Ministry.
Govt. of India, Min. of Finance, Dept. of Revenue, New
Delhi, Circular No.104/2000, vide F.No.601/6001/104 & 64/2000-DBK,
dt.19.12.2000, is reproduced below for guidance of Importers, Clearing Agents,
and Trading Staff.
C11/8/20001-AP(PORT) (S. SANKARAVADIVELU)
CUSTOM HOUSE:CHENNAI. DY.COMMR. OF CUSTOMS(APPG.)
DATED; 23.07.2001
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CIRCULAR NO: 104/2000,DT.19.12.2000
Attention
is invited to the existing practice in
the Board is to restrict the validity of brand rate letter to 31st May every year, as the
new Drawback Schedule normally comes into effect from 1st of
June. Further extension is given upto
31st August or a case to case basis on written request made by the
exporter. This was also laid down in
Para 2.1 of Circular No.21/94-Cus. dated 15.9.94.
2.
Requests to relax this practice have been received in the
Board from time to time from individual exporters as well as from export
promotion councils.
3.
The issue has been examined and it has been decided that
brand rate letters will now be issued with a validity of one year. However, in those cases where All Industry
rate also constitutes an element of the brand rate, the validity of the brand
rate letter shall be restricted to 31st May (or any other date on
which the extant Drawback Schedule is superseded) as the All Industry Rates of
Drawback are liable to change normally with effect from 1st of June;
but in such cases further extension in the validity of the brand rate letter
may be granted upto 31st August in accordance with the present
practice, on written requests to that effect by the exporters.
4.
No further extension beyond total validity as laid down in
preceding para shall be granted for any brand rate letter.
5.
The provisions made in the preceding paras shall apply to
requests and extension of time limit against brand rate letters issued
subsequent to the issue of this Circular.
6.
Extant instructions of the Board shall stand amended
accordingly.
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