Subject: Conversion of DEPB Shipping Bills to Drawback Shipping Bills-RegOnline GST Certification Course by TaxGuru & MSME- Click here to Join
A number of representation have been received from Export Promotion Councils regarding difficulties being faced by them in claiming drawback on exports made under the new Duty Entitlement Pass-Book Scheme as introduced in Chapter 7 of the Export and Import Policy for the period 1997-2002 substituting Value Based Advance Licensing Scheme as well as Pass- Book Scheme of the earlier EXIM Policy.
2. The above representations have been examined and it has been decided that the DEPB shipping bills, where the let Export order was given between dt.10.9.97 to dt. 17.10.97, as per Notification No. 34/97-Cus dated 7.4.1997, may be allowed conversion to Drawback Shipping Bills in relaxation of the condition or Rule 12 of the Customs & Central Excise Duties Drawback Rules, 1995.
3. Suitable Public Notices/ Standing Orders for guidance of Trade/ Staff may be issued immediately.