| Date: |
17-07-2000
|
| Notification No: |
Customs Circular No 63/2000
|
| Issuing Authority: |
Indian Customs
|
| Type: |
Circular
|
| File No: |
|
| Subject: |
DEPB Scrips - Restriction on utilisation for payment of duty under other schemes
|
|
DEPB Scrips - Restriction on utilisation for payment of duty under other
schemes
Circular No.
63 dated 17th July 2000
Board has
issued Circular No. 76/ 98-Cus. dated 12th October, 1998 which inter alia stated
that duty payable on goods imported under EPCD Scheme and Project Import etc.
can be debited in a DEPB scrip instead of payment in cash.
2.
DGFT has issued Public Notice No. 6 (RE-2000)/ 1997-2002, dated 7-4-2000.
Para 5 of the said Public Notice states that:
"The credit under DEPB may be utilised for payment of customs duty
on any item which is freely importable, except capital goods".
3.
The consequences of the said Public Notice No. 6 have been examined in
the Board and it has been decided that the debit of duty in a DEPB scrip shall
not be permitted in case of those goods which are covered by the restriction
imposed by this Public Notice as brought out in the preceding para. Board's
Circular No. 76/ 98-Cus. shall stand amended to this extent.
|
|
|