| Date: |
19-04-1996
|
| Notification No: |
Customs Circular No 22/1996
|
| Issuing Authority: |
Indian Customs
|
| Type: |
Circular
|
| File No: |
|
| Subject: |
Conversion of DEEC shipping bills to Pass Book shipping bills- Circular No. 21/ 95 dt. 4th October, 1995 issued by Directorate General of Foreign Trade
|
|
Conversion of DEEC shipping bills to Pass Book shipping bills- Circular
No. 21/ 95 dt. 4th October, 1995 issued by Directorate General of Foreign Trade
Circular No. 22 dated 19th
April 1996
Directorate
General, Foreign Trade had permitted conversion of S/ Bills filed under Duty
Exemption Scheme to Pass Book Scheme subject to conditions specified in their
Circular No. 21/ 95 dated 4th October, 1995. The said circular permits
conversion of only those Shipping Bills which were filed on or after 30th May,
1995, the date on which Customs Notification No. 104/ 95-Cus was issued making
the Pass Book Scheme operational. Reports have been received from the trade that
conversion of such Shipping Bills in not being permitted by the Customs
authorities.
2. The
matter has been examined in the Board. Whenever a request is received from a
Pass Book holder for conversion of shipping Bill filed on or after 30th May,
1995 under DEEC Scheme to Pass Book Scheme, conversion may be considered only if
the Advance Licence issued to the exporter has not been utilised at all, and is
surrendered to the Licencing authorities and evidence to this effect is
produced. Credit against such shipping Bills should be allowed only if Assistant
Commissioner of Customs is satisfied that condition of the Pass Book Scheme has
been fulfilled.
|
|
|