| Date: |
17-11-1997
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| Notification No: |
Customs Circular No 62/1997
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| Issuing Authority: |
Indian Customs
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| Type: |
Circular
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| File No: |
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| Subject: |
Regarding conversion of DEPB Shipping Bills to Drawback Shipping Bills
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Regarding conversion of DEPB <a href='http://www.eximguru.com/exim/indian-customs/customs-regulations/shipping-bill-and-bill-of-export-form-regulations-1991.aspx'>Shipping Bill</a>s to Drawback Shipping Bills
Circular No. 62dated 17th November 1997
A number of
representation have been received from Export Promotion Councils regarding
difficulties being faced by them in claiming drawback on exports made under the
new Duty Entitlement Pass-Book Scheme as introduced in Chapter 7 of the Export
and Import Policy for the period 1997-2002 substituting Value Based Advance
Licensing Scheme as well as Pass- Book Scheme of the earlier EXIM Policy.
2. The
above representations have been examined and it has been decided that the DEPB
shipping bills, where the let Export order was given between dated10.9.97 to
dated 17.10.97, as per Notification No. 34/97-Cus dated 7.4.1997, may be allowed
conversion to Drawback Shipping Bills in relaxation of the condition or Rule 12
of the Customs & Central Excise Duties Drawback Rules, 1995.
3. Suitable Public
Notices/ Standing Orders for guidance of Trade/ Staff may be issued immediately.
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