POLICY CIR NO. 04/2008, DT. 24/04/2008

Entitlement of DEPB prior to issuance of Public Notice withdrawing the benefit under the Scheme

1. Attention is invited to the Public Notice No. 130 dated 27.3.2008 (as amended from time to time), PN No. 137 dated 3.4.2008 wherein DEPB Benefits were withdrawn against export of primary steel items, Cement and Rice with immediate effect. Representations have now been received from Trade and Industry and the Regional Authorities of DGFT as to whether exports prior to the date of withdrawal / suspension of DEPB benefits against the export products would also be denied the benefit of DEPB Scheme.

2. It is clarified that exports made prior to the date of withdrawal / suspension of DEPB Rates for specific products shall be entitled for DEPB benefit at the rate prevalent on the date of shipment / export. Date of shipment / export shall be as per the provisions of paragraph 9.12 of Handbook of Procedures, vol. 1.

3. This issues with the approval of Competent Authority.

Sd/-

(Tapan Mazumder)
Joint Director General of Foreign Trade

(Issued from F. No. 01/94/180/DEPB - Clarification/AM 09/PC 4)

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