Public Notice No. 44 (RE-99) corrects product descriptions and DEPB entries for plastics, chemicals, and engineering products under the Export and Import Policy.
Public Notice No. 43 (RE-99) extends application deadlines and revalidation dates to 31st December 1999 and beyond due to disruptions in regional licensing.
The description under Serial number 1 of fish and fish product was amended to specifically include fish meat only under Public Notice No. 55(RE-99) dated 11.11.98, the same shall only cover fish meat w.e.f. 11.11.98 and therefore other variety of meat shall not be eligible for DEPB benefit between 11.11.98 to 7.5.99. From 8.5.99 meat products shall be eligible for DEPB rate under Serial number 15 of food product as given in Appendix 28A.
Circular No. 501/67/99-CX I am directed to say that the Board has drawn a contingency action plan to deal with any failure of computer system of the banks on account of Y2K problems so that the clearances of dutiable goods are not withheld. Indeed, all the banks have been trying to become Y2K compliant and normally it is expected that the banking system will not be adversely affected. Moreover, the date of occurrence of Y2K problem, if at all it occurs, is Known in advance
Circular No. 500/66/99-CX It has been brought to the notice of the Board that under the existing procedure, the merchant exporters including those manufacturer-exporters, who have to procure the excisable goods for export under bond manufactured in different parts of the country, have to furnish several bonds with the Deputy/Assistant Commissioner of Central Excise of the supplier”s area and submit proof of exports for discharge of such bonds and thus, it is a large documentation and time-consuming procedure.
