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Para 7.36A of the Handbook of Procedure, Vol.I pertaining to current Exim Policy has been amended vide DGFT”s Public Notice No. 10 (RE-99)/1997-2002 dated 7th June, 1999 to the effect that DEPB credit entitlement, in respect of export products whose DEPB rate is 10% or more, shall not exceed 50% of the PMV of the goods
I am directed to refer to Board”s Circular No. 89/98-Cus., dated the 3rd December,1998 on the subject mentioned above and to say that doubts have been raised regarding applicability of Paragraph 2(c) of the said Circular to the Air Cargo Complexes other than the Air Cargo complex, New Delhi