DGFT extends DEPB rates

By Vijay Kumar

The DEPB rates notified by Public Notice No. 17 dated 12.07.2007, were to be valid till 31st March, 2008. Now this is extended indefinitely till “further amendments”.

Consequently para 1.1 of the Handbook Of Procedure is amended. The para now reads 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.

Now, the last sentence is amended to read as

These compilations, as amended from time to time, shall remain in force until 31 st March, 2009 except DEPB scheme which shall continue to be operative till further orders.

PUBLIC NOTICE NO. 133 and 134 /(RE-2007) /2004-2009, Dated: March 29, 2008