DEPB extended till Year end
Para 1.1 of the Handbook of Procedures (Vol. I), is amended to 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 31st December, 2009.”
This means that DEPB which was to expire in May 2009, is extended till December 2009.
In DDT 1009, dated 11.12.2008, while reporting the extension of FTP and HOP, we asked “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 ?” Now with the second stimulus package, the DEPB scheme was extended up to 31st December, 2009, hence this amendment to HOP.
DGFT Public Notice No. 125 (RE-2008)/2004-2009, Dated: January 3, 2009