| Date: |
18-07-2002
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| Notification No: |
DGFT Policy Circular No 9/2002
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| Issuing Authority: |
DGFT
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| Type: |
Circular
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| File No: |
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| Subject: |
Import of Natural Rubber under DEPB Scheme
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Import of Natural Rubber under DEPB Scheme
Policy
Circular No. 9 dated 18th July 2002
Attention
is invited to ALC Circular No. 2/ 2001-2002 dated 3.9.2001, Notification No. 41
dated 19.12.2001 and subsequent Policy Circulars 25 dated 20.2.2002 and 28 dated
4.3.2002. In this regard, and in respect of Public Notice 13 dated 20.5.2002,
representations have been received from the trade and industry, and requests
have been received from Customs authorities seeking clarification whether
natural rubber can be imported under DEPB scheme.
The
matter has been considered in consultation with Plantation Division of the
Department of Commerce and the DES Division in this office and accordingly, it
is clarified that the Policy restricts only duty free imports. DEPB is only a
mode of payment of duty instead of payment in cash. Since Natural rubber is
otherwise freely importable on payment of prescribed duty, Policy Circular 28
dated 4.3.2002 and earlier ALC Circulars does not prevent payment of Custom duty
for import of natural rubber, which is freely importable, through DEPB scrips.
Nor is this position altered by Public Notice 13 dated 20.5.2002.
This
issues with the approval of Director General of Foreign Trade.
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