| Date: |
05-04-2000
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| Notification No: |
Customs Circular No 27/2000
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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: |
DEPB Scheme - Revised guidelines for PMV
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|
DEPB Scheme - Revised guidelines for PMV
Circular No. 27 dated 5th April
2000
Attention is
invited to Circular No.69/ 97-Cus dated 8.12.97, as amended by Circular Nos. 79/
98-Cus. Dated 22.10.98, No. 23/ 99-Cus. Dated 11.5.99 and No.37/ 99-Cis dated
24.6.99.
2. As
a result of the Annual Review of the Exim Policy 1997-2002, para 7.36A of the
Handbook of Procedure, Vol.1 has been amended with effect from 1.4.2000 to the
effect that �PMV declaration shall not be applicable for products for which
value cap exist irrespective of the DEPB rate of the product�.
3. In
view of the above, it has decided by the Board that for all products exported
under DEPB Scheme, wherever FOB value cap has also been notified along with DEPB
rate, PMV will not be verified by the Customs House. Circulars mentioned in the
first para above shall also stand amended to this effect.
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