A decision was taken to discontinue with the proviso for submission of copy of invoices certified by the Project authority in the case of redemption under EPCG. In tune with the decision , the third sub-para of Para 5.13 (b)(i) pertaining to redemption of EPCG licence for deemed exports is deleted and the amended version of para 5.13(b)(i) is as under.
Guidelines for importing items like skimmed milk powder, maize, and oils under TRQ for 2002-03, including the application process and deadlines.
DGFT updates the Handbook of Procedures, Vol. 2 with amendments in Standard Input Output Norms for Chemicals, Engineering, and Miscellaneous Products.
The RLAs shall continue to process such applications and issue advance licences under para 4.7 of the Handbook of Procedures, Vol. 1 (1st April, 2002 – 31st march, 2007) along with the above endorsements and thereafter continue to forward the same to the ALC in the Head office as per the Policy provisions and procedures laid down for this purpose, for finalization of norms.
Public Notice No. 35/2002-07 adds DEPB rate for disposable hypodermic needles at 3% under Engineering Product Group.
A copy of the invoice or a copy of ARE-3( in case of supplies to EOU/ EPZ/ SEZ) duly signed by the unit receiving the material and their jurisdictional excise authorities certifying the item of supply, quantity, value and date of supply.
Attention is invited to Public Notice No 14 dated 31.05.2002 which introduced a special provision forexemption of Special Additional Duty (SAD) on DEPB’s issued under the Exim Policy 2002-07 where the order of “let export” was prior to 01.04.2002. Para 3 and 7 of the said Public Notice is amended as under.
Public Notice No. 32/2002-07 details amendments to DEPB rates for engineering and chemicals products as per the Export and Import Policy 2002-07.
In Paragraph 2 of Public Notice No. 36 (RE-2000)/1997-2002 dated 4th September 2001, the condition “However, export obligation incurred by the MOU signatories in respect of imports made upto 31/3/2001 shall be fulfilled by them within the stipulated period unless extended by the Government for good & sufficient reasons” also stands withdrawn.
Public Notice No. 30/2002-07 details amendments in DEPB rates for engineering, chemical, textile, and miscellaneous products under the Export Policy 2002-07.
