TMI BlogDebiting the element of SAD in DEPB Scrips - regardingX X X X Extracts X X X X X X X X Extracts X X X X ..... of 2002-2007 EXIM Policy, one of the Customs Notifications issued by Department of Revenue is Notification No. 45/2002-Customs dated 22-4-2002 which has been issued to operationalise DEPB Scheme as contained in the new EXIM Policy. Whereas the earlier Customs Notification No. 34/97-Cus., dated 7-4-1997 issued under DEPB Scheme did not require debiting the element of SAD in the DEPB Scrip for avail ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... required to be debited in it. 3. In order to sortout this problem, the matter was discussed between officials of DOR and DGFT. The dividing line for issue of a DEPB Scrips under a particular policy is the "let export date" of the Shipping Bill. In all cases where "let export date" is prior to 1-4-2002, such exports under DEPB Scheme would be governed by 1997-02 EXIM Policy and Customs Notificati ..... X X X X Extracts X X X X X X X X Extracts X X X X
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