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Admissibility of DEPB benefit against export of galvanised sheets/
strips/ coils under Product Group - Engineering
Circular No. 76 dated 11th September 2000
Representations from trade and references from field
formations have been received in the Board regarding admissibility of Galvanised
CR GP/ GC Coils/ MS Galvanised Sheets or Strips or wide coils under DEPB Scheme.
2. The issue was
discussed at length in DEPB Committee meetings wherein representatives of Steel
Ministry were also present. Consequently, DGFT have issued their Policy Circular
No. 19 (RE-00)/ 2000-2001 dated 28/ 7/ 2000.
3. The issue has
been examined by the Board. It has been decided that all the Customs Houses
should implement the above-mentioned policy circular of DGFT, and take immediate
necessary steps to safeguard revenue and to recover any excess DEPB credit
entitlement which may have been granted to the exporters in the past against
export of above mentioned products under Sr. No. 91 of Engineering Group as
against the correct entry at Sr. No. 363 of the Engineering Group.
Clarification regarding the admissibility of DEPB
against the export of some Products Group: Engineering
Policy Circular No. 19 dated 28th July
2000
1. An issue has been
raised regarding the admissibility of DEPB benefit for the export of MS
Galvanized Sheets/ Strips made prior to 01.04.2000 keeping in view the existence
of two possible DEPB entries at S.N. 91 and 363 covering such exports. It has
been decided that the DEPB benefit for such exports shall be granted as per the
entry at S.N. 363 in view of the fact that the DEPB entry at S.N. at 91 covers
only those inputs, which are both galvanized and coated. Therefore in all such
cases where exports of "MS Galvanized Sheets/ Strips" have been
cleared for DEPB benefit under the entry at S.N. 91 or the DEPB benefit has been
granted against the entry at S.N. 91 consequent remedial action should be
initiated immediately.
2. References
relating to the admissibility of DEPB benefit on the exports of "Stainless
Steel Circles" effected prior to 01.04.2000 have also been received in this
office, because of two possible DEPB entries at S.N. 389 and 433 both seemingly
covering such exports. As some Customs Houses have been clearing such exports
under the entry at S.N. 433, it has been decided that the DEPB benefit for such
exports, effected prior to 01.04.2000, may be granted as per the entry at S.N.
433 so far as to maintain uniformity in the matter.
This issue with the approval of the DGFT.
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