And so will the Handbook Of Procedures (HOP) - remain in force
Similar amendment is made to para 1.1. of the Handbook of Procedures, v1 (RE 2008), which earlier read as,
In pursuance of the provisions of paragraph 2.4 FTP, the Director General of Foreign Trade (DGFT) hereby notifies the compilation known as HBP v1, HBP v2 and Schedule of DEPB rates. These compilations, as amended from time to time, shall remain in force until 31st March, 2009 except DEPB scheme which shall continue to be operative till May 2009.
And this will now read as
In pursuance of the provisions of paragraph 2.4 of FTP, the Director General of Foreign Trade (DGFT) hereby notifies the compilation known as HBP v1, HBP v2 and Schedule of DEPB rates. These compilations, as amended from time to time, shall remain in force 'until further amendments' except DEPB Scheme which shall continue to be operative till May 2009.
But here is a problem - in May 2009, there may not be a proper government and what will happen from 1st June 2009 - No DEPB?
DGFT Public Notice No. 113 (RE-2008)/2004-2009, Dated: December 8, 2008