Sponsored
    Follow Us:
Sponsored

Public Notice No. 23/2002-07, dated 09th July 2002, issued by the Ministry of Commerce & Industry, introduces amendments to the DEPB (Duty Entitlement Pass Book) rates under India’s Export and Import Policy 2002-2007. The notice includes modifications to the DEPB rates for several product categories, including engineering products, chemicals, plastics, electronics, and miscellaneous items. Key amendments include adjustments in the DEPB rates and value caps for products like stainless steel ingots, automobile tyres, plastic vacuum flasks, and quartz analog watches. New entries have also been added for items such as jute soil savers, jute yarn, and sacking cloth. The changes are aimed at ensuring proper export benefits and streamlining the process for claiming DEPB benefits, with specific guidelines on the admissibility of rates for composite products. These updates are issued in public interest to facilitate smoother trade and compliance with the revised policy.

GOVERNMENT OF INDIA

MINISTRY OF COMMERCE AND INDUSTRY

PUBLIC NOTICE No. 23 /2002-07

NEW DELHI: the 9th July, 2002

In exercise of powers conferred under paragraph 2.4 of the Export and Import Policy, 2002-07 and paragraph 1.1 of Handbook (Vol.1), the Director General of Foreign Trade hereby makes the following amendments/ corrections in the book titled “Schedule of DEPB RateSr.”

1) The following sentence is added at the end of SR.No 11 of “General Instruction For DEPB Rates” pertaining to the admissibility of DEPB rates for composite products with individual constituents having a DEPB rate.

“In such cases, the exporter will have to the declare constituent items (with their respective DEPB entry nos) in the Shipping Bills for claiming DEPB benefit.”

2) Product Group: Engineering Product Code: 61

(a) The following entries are corrected as under:

SR. No Export Product DEPB Rate Value cap for DEPB entitlement
5 Deleted
234 Drills/ Reamers, End Mills/ Broaches Milling cutters including Threading Tools/ Taps of High Speed Steel (Non-Cobalt Grade) 12.00
390 Stainless Steel Ingots, Semis (Blooms/ Billets/ Slabs) Bars & Rods (including Rounds, Flats, Hexagons, Octagons, Wire rods, Cold twisted deformed bars, Thermo-Mechanically Treated Reinforcing Bars) Angles, Shapes and Sections (including Beams, Joints, Channels, Special Profiles), Plates/ HR Sheets/ Hoops and Strips (including Skelp)/ Wide Coil 12.00

(b) the following entries are amended as under:

SR. No Export Product DEPB Rate Value cap for DEPB entitlement
117 Seamless Butt welded steel pipe fittings made from seamless/ ERW steel tubes 17.00 Rs 120/ kg
438 Zinc Plated (Galvanised) Steel Lock Nuts (Blanked/ Punched) from H.R. Coil/ Sheet 12.00 Rs 150/ kg

3) Product Group: Chemicals and Allied Products Product Code: 62

(a) The following entries are amended as under:

SR. No Export Product DEPB Rate Value cap for DEPB entitlement
495 Automobile Tyres reinforced with Nylon Tyrecord warp sheet or Rayon Tyrecord warp-sheet 19.00 a. Rs 5000/ per pair for buses/ lorries / tractor rear tyres

b. Rs 2000/ per pair for other four wheelers

c. Rs 500/ per pair for two wheelers

4) Product Group: Plastic Product Code: 63

(a) The following entries are amended as under:

SR. No Export Product DEPB Rate Value cap for DEPB entitlement
45 a. Plastic Body Vacuum flask with silver coated Glass refill made of ABS upto 450 ml

b. Plastic Body Vacuum flask with silver coated Glass refill made of ABS above 450 ml

c. Plastic Body Vacuum flask with silver coated Glass refill made of PP upto 450 ml

d. Plastic Body Vacuum flask with silver coated Glass refill made of PP between 450 ml and 900 ml

e. Plastic Body Vacuum flask with silver coated Glass refill made of PP above 900 ml

16.00

16.00

16.00

16.00

16.00

Rs 110/ pc

Rs 140/pc

Rs 45/ pc

Rs 60/ pc

Rs 110/ pc

67 Plastic insulated Ware (hot pot) with stainless steel liners 18.00 Rs 120/ kg
68 Plastic insulated ware (ice pail) 17.00 Rs 80/ kg
69 Plastic insulated ware (Tiffins with stainless steel) 17.00 Rs 125/ kg
70 Plastic insulated ware (Water bottle) 17.00 Rs 80/ kg
71 Plastic insulated ware (Water jug) 17.00 Rs 105/ kg

5) Product Group: Electronics Product Code: 83

(a) The following entries are corrected as under:-

SR. No Export Product DEPB Rate Value cap for DEPB entitlement
30 Quartz Analog Watches – Digital Electronic Watches 16.00 RSr. 450 / pc
31 a. Radios (including CKD/ SKD thereof) with cabinet

b. Radios (including CKD/ SKD thereof) without cabinet

14.00

13.00

RSr. 300/ pc

RSr. 275/ pc

42 a. Video cassettes

b. Audio cassettes

11.00

11.00

RSr. 100/ pc

RSr. 35/ pc

6) Product Group : Miscellaneous Product Code: 90

(a) The following entries are added as under:-

SR. No Export Product DEPB Rate Value cap for DEPB entitlement
24 Jute Soil Saver 2.00
25 Jute Yarn/ Jute Twine 2.00
26 a Hessian cloth

b Hessian made-up

6.00

6.00

RSr. 40/ kg

RSr. 55/ kg

27 a. Sacking cloth

b. Sacking made-up

6.00

6.00

RSr. 30/ kg

RSr. 40/ kg

This issues in public interest.

Sd/

(N.L.Lakhanpal)

Director General of Foreign Trade

(A.B.Menon)

Dy.Director General of Foreign Trade

(F.No. 01/94/180/28/AM03/PC-IV)

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
February 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
2425262728