The 10% duty saved amount in DEPB will be equivalent to 10% of the available credit balance on the lost DEPB whereas for Advance licence, the amount shall be calculated on the basis of duty saved amount for the balance quantity and proportionate CIF value as per the information available in column-22 of Appendix-11B of Handbook of Procedures.
For any other misdeclaration, laws formulated by the Directorate General of Foreign Trade, in force from time to time, would also apply and action as per Foreign Trade (Development and Regulation) Act, 1992 shall be initiated by the competent authority.
Public Notice No. 57 (RE-98)/97-02 revises rules on metallic waste and scrap imports, excluding hazardous materials from specific restrictions.
Public Notice No. 56 (RE-98) deletes “plastic wastes/scrap” from Para 5.3(b) in the Handbook of Procedures, 1997-2002.
The DEPB rate for export product as given in Appendix 28A at S.No. 3 of Fish & Fish products may be amended to read as 10%. The enhancement in the above DEPB rate shall be effective from 15.4.98 and shall cover exports of such products made on or after 15.4.98.
Indian Rupee Value of the special currency Basket for the purposes of deferred payments contracts entered into under the Deferred payments protocol dated the 30th April, 1981 for the period l.l.81 to 31.12.85 and the Deferred payments protocol dated 23rd December, 1985.
Public Notice 53(RE-98) updates DGFT procedures, including export obligations for software units, EPCG license procedures, and Special Import License requirements.
Attention is invited to Paragraph 7.8 of the Export and Import Policy 1997-2002, as amended and Paragraphs 7.8, 7.9 and 7.10 of the Handbook of Procedures, Vol.1, 1997-2002, as amended and also to the Handbook of Procedures, Vol.2, 1997-2002 as amended from time to time.
The Government of India amends export rules regarding cotton yarn under the Foreign Trade Development and Regulation Act in Public Notice No. 51 (RE-98).
These agencies shall send the import return of Mulberry Raw Silk within 15 days from the date of clearance from Customs of such imports to the Central Silk Board and the Director (Stat.), Directorate General of Foreign Trade, Udyog Bhawan, New Delhi in the format prescribed at Annexure – A for information purposes.
