CUS NTF NO. 44/1997 DATE 12/05/1997

DEPB Scheme - Exemption from duty by person other than Passbook holder
In exercise of the powers conferred by sub - section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby makes of the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue) No. 34/97 - Customs, dated the 7th April, 1997, namely :-

In the said notification, after condition (vi), the following condition shall be inserted, namely :-

"(vii) Where benefit of exemption form duty is claimed by a person, who is not a Duty Entitlement Pass Book holder, such benefit shall be permissible only against specific amount of credit, not being a Provisional credit, transferred by a Duty Entitlement Pass Book holder to such person."

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