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Grant of DEPB Benefit First Supplies to SEZ
Notification
No. 7 dated 5th June 2002
In
exercise of powers conferred by Section 5 of the Foreign Trade (Development and
Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.1 of the Export and
Import Policy, 2002-07, the Central Government hereby amends/ corrects the
Export and Import Policy, 2002-07 as under:
1) A new sub para {numbered as (iii)} shall be
added to paragraph 7.9 (I). The text of the new sub paragraph would be: -
(iii)
Benefit of DEPB in lieu of Drawback for supplies made to SEZ or unit in SEZ.
Accordingly
the amended para 7.9 (a) (I) would read as under:
7.9
(a)Supplies from DTA to SEZ units shall be
eligible for the following:
(I)
DTA supplier
shall be entitled for: -
(i)
Relevant entitlements under paragraph 8.3 of the Policy
(ii)
Discharge of export performance, if any, on the supplier.
(iii)
Benefit of DEPB in lieu of Drawback for supplies made to SEZ or unit in
SEZ.
This
issues in public interest.
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