DGFT clarifies that DEPB is valid only till 31.3.2008

By Vijay Kumar

DGFT has amended the handbook of Procedures to stipulate that

1. While the HBP will be valid till 31.3.2009, DEPB scheme shall continue till 31st March, 2008.

2. Execution of Bank Guarantee / Legal Undertaking for Advance Authorisation/DFIA and EPCG Authorisation - Before clearance of goods through Customs, Authorisation holder shall execute a BG / LUT with Customs Authorities. In such cases, RA shall endorse the following condition on the licence / Authorisation: “BG / LUT as applicable to be executed with concerned Customs Authorities”.

3. Fulfilment of export Obligation – DFIA – Furnish documents in ANF 4F in support of fulfilment of EO.

DGFT PUBLIC NOTICE NO. 30 (RE-2007)/2004-2009., Dated: July 26, 2007