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In exercise of powers conferred under paragraph 4.11 of the Export and Import Policy, 1997-2002, as notified in the Gazette of India extraordinary, Part-II- Section 3 – Sub- section (ii) vide S.O No. 283(E) dated 31.3.97, the Director General of Foreign Trade hereby makes the following amendment in the Handbook of Procedures (Vol.1) (RE-98), 1997-2002.
The EPCG licence holder shall, in such cases, be making a request to the concerned licensing authority requesting for change in the export product mentioning the name and address of the manufacturer who shall be converting the intermediate product into final product. The licensing authority shall allow the aforesaid change after enhancing the export obligation by 50%.
The exporters who have exported the product with a coating weight other than 1000 gms/Sq.Mtr ± 5% during 1.4.97 to 14.4.98 have been denied the DEPB rate, it has been decided that the exporters who have exported PVC leather cloth/foam leather cloth of different coating weight shall be eligible for DEPB @ 17% as was applicable under S.No. 94 of plastic product without referring to coating weight.
This issue has been examined and it has been decided that wherever the DEPB rates have been reduced or value capping has been imposed, the reduction of rate or imposition of value cap shall not be applicable wherever the consignment of exports under DEPB have already been handed over to the Customs Authorities prior to the date of notification for examination and clearance for exports.
As per Paragraph 4.30 of the Handbook of Procedures (Vol. 1) 1997-2002, all cases wherever approval of licences is given by the Committees at the Directorate General of Foreign Trade, the licences shall be issued by the Regional Licensing Authorities. Now it has been decided that till the time normalcy is restored in the Regional Licensing Offices, such licences shall also be issued by the concerned section at the DGFT, Headquarters.
