WHEREAS on the basis of the aforesaid findings of the designated authority, the Central Government had imposed an anti-dumping duty vide notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 76/2000-Customs, dated the 23rd May, 2000, published in Part II, Section 3, Sub-section (i) of the Gazette of India, Extraordinary, dated the 23rd May, 2000 vide G.S.R. No. 484(E), dated the 23rd May, 2000.
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 up to 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 15-9-1994
Attention is invited to Para 4.19 of the Export and Import Policy, 1997-2002 (RE-2000), which stipulates that wherever any duty free import is allowed or where otherwise specifically stated, the importer shall execute a Legal Undertaking (LUT)/ Bank Guarantee (BG) with the Customs Authority before clearance of goods through the Customs, in the manner as may be prescribed by them. Attention is also invited to para 4.24 of Handbook of Procedures.
