4.19 Duplicate copy of freely transferable licences, except DEPB and DFRC, shall not be issued. Duplicate copy of DFRC and DEPB may be issued against an application accompanied by the following documents:-

a) An application with a fee equivalent to 10% of duty saved.
b) A copy of FIR reporting the loss.
c) A copy of the orginal affidavit on notorised stamp paper.
d) Indemnity bond on a stamp paper undertaking to indemnify the revenue loss to the Government which may be caused on account of issue of duplicate licenses backed by Bank Guarantee covering the DEPB/ DFRC amount and which should be valid at least for 6 months more than the validity of DEPB and DFRC.

However, when the licence has been lost by the Government agency and a proof to this effect is submitted, the documents at serial nos. (a) to (d) shall not be asked for. In such cases, licences shall be revalidated for a period for six months from the date of endorsement, not withstanding anything stated below.

The licensing authority, before issuing the licenses, shall obtain the report regarding utilisation of the licences from the Custom authority at the port of registration mentioned in the original licence. The duplicate licence shall be issued only for the balance which remained unutilised as per the report furnished by the Customs authority at the port of registration.

The validity of duplicate licence shall be coterminus with the original license and therefore no request shall be entertained if the validity of the original licence has expired. However, in case when DEPB/DFRC is lost by Customs/Licensing Authority, duplicate licence shall be issued for a validity of six months.

The 10% duty saved amount in DEPB will be equivalent to 10% of the available credit balance on the lost DEPB whereas for DFRC, the amount shall be calculated on the basis of duty saved amount for the balance quantity and proportionate CIF value as per the information available in Column–12 of Appendix-11H.