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Validity of brand rate letters issued by the Ministry
Circular No. 104
dated 19th December 2000
The existing practice in the Board is to restrict
the validity of brand rate letter to 31st May every year, as the new
Drawback Schedule normally comes into effect from 1st of June.
Further extension is given upto 31st August or a case to case basis
on written request made by the exporter. This was also laid down in Para 2.1 of
Circular No. 21/ 94-Cus. Dated 15.9.94.
2. Requests to relax
this practice have been received in the Board from time to time from individual
exporters as well as from export promotion councils.
3. The issue has been
examined and it has been decided that brand rate letters will now be issued with
a validity of one year. However, in those cases where All Industry rate also
constitutes an element of the brand rate, the validity of the brand rate letter
shall be restricted to 31st May (or any other date on which the
extant Drawback Schedule is superseded) as the All Industry Rates of Drawback
are liable to change normally with effect from 1st of June; but in
such cases further extension in the validity of the brand rate letter may be
granted upto 31st August in accordance with the present practice, on
written requests to that effect by the exporters.
4. No further
extension beyond total validity as laid down in preceding para shall be granted
for any brand rate letter.
5. The provisions
made in the preceding paras shall apply to requests and extension of time limit
against brand rate letters issued subsequent to the issue of this Circular.
6.
Extant instructions of the Board shall stand amended accordingly.
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