CIRCULAR No.104/2000 Date 19th December, 2000

(Amendment of Circular No. 21/94)

The existing practice in the Board is to restrict the validity of brand rate letter to 31st May every year, as the new Drawback Schedule normally comes into effect from 1st of June. Further extension is given upto 31st August or a case to case basis on written request made by the exporter. This was also laid down in Para 2.1 of Circular No. 21/94-Cus. Dated 15.9.94.

2. Requests to relax this practice have been received in the Board from time to time from individual exporters as well as from export promotion councils.

3. The issue has been examined and it has been decided that brand rate letters will now be issued with a validity of one year. However, in those cases where All Industry rate also constitutes an element of the brand rate, the validity of the brand rate letter shall be restricted to 31st May (or any other date on which the extant Drawback Schedule is superseded) as the All Industry Rates of Drawback are liable to change normally with effect from 1st of June; but in such cases further extension in the validity of the brand rate letter may be granted upto 31st August in accordance with the present practice, on written requests to that effect by the exporters.

4. No further extension beyond total validity as laid down in preceding para shall be granted for any brand rate letter.

5. The provisions made in the preceding paras shall apply to requests and extension of time limit against brand rate letters issued subsequent to the issue of this Circular.

6. Extant instructions of the Board shall stand amended accordingly.

Sd/-
(Sandeep Ahuja)
Under Secretary (DBK)

Presented by eximkey.com