EPCG Scheme/ DES -
Customs Notification Clarified
Policy Circular No. 5 dated 29th May 1997
The Department of
Revenue has issued necessary Customs Notifications relating to EPCG and Duty
Exemption Scheme. The subject matters of the Notifications are as follows:
a.������ Notification No. 28/
97-Cus: 10% EPCG scheme
b.������ Notification No. 29/
97-Cus: Zero duty EPCG scheme
c.������� Notification
No. 30/ 91-Cus: Advance licence with AU condition In terms of Para 7.4 of the
Policy
d.������ Notification
No. 31/ 97-Cus: Advance Licence in terms of Para 7.3 and all in terms of Para
7.5 of the Policy
e.������ Notification No. 32/ 97-Cus:
Jobbing in terms of Para 7.12 of the Policies
f.������� Notification No. 34/
97-Cus: Duty Entitlement Pass Book Scheme
g.������ Notification No. 36/
97-Cus: Special Imp rest licence in terms of Para 7.6 of the Policy.
2.���� All
the licensing authorities are advised to comply with the notifications while
issuing the licence and subsequent follow up including redemption/ discharge of
export obligation. The licensing authorities are also advised to modify the
DEEC as given in Notification No.30 and 31/ 97-Cus while 'issuing the licences
in terms of Paragraphs 7.4 and 7.3/ 7 .5 of EXIM Policy 1997 -2002
respectively.
3.���� This issues with the approval of DGFT.