TMI BlogDuty Entitlement Pass-book Scheme introduced in the new Export and Import Policy for the period 1997 - 2002 - ClarificationX X X X Extracts X X X X X X X X Extracts X X X X ..... icy. A new Notification No. 34/ 97- Cus 1 dated 7.4.97 has been issued to give effect to this Scheme. Copy of the notification is enclosed for ready reference. 2. It may be noted that earlier Pass-book Scheme covered by para 54 of the EXIM Policy for the period 1992-97 and governed by Notification No. 104-95-Cus. continues to operate for grant of credits on exports made on or before 31.3.97 and for import against such credits in terms of Notfn. No. 104/ 95-Cus. 3. The Value Based Advance Licensing Scheme shall also continue to operation relation to licences issued on or before 31.3.97. Export under this scheme shall continue to be allowed only towards discharge of export obligation against licences issued on or before 31.3.97. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n relation to import against advance licences. 6. As specified in the notification, imports and exports under the scheme against a particular DEPB can be made from anyone of the specified ports/ airports / ICDs etc. In other words DEPB issued for a particular Port of Registration is not valid for import or export through any other port, airport or ICD. Although a proviso to the relevant condition in the Customs notification permits Commissioners of Customs to allow import or export from other Port/ Airport /ICD and LCS, this power should be exercised only in consultation with the Chief Commissioner. 7. The Handbook of Procedure provides for exports under the Scheme to be made on blue colour shipping bill. A separate shipping bil ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ore e the licensing authority for claiming the entitlement in the DEPB. 8. All shipping bills filed under the scheme should be processed in Group VII of the Customs House should maintain a separate register for exports under this Scheme which should have the following minimum information i.e. Shipping Bill No. and date, Name and Address of the exporter, description of the Export Product, FOB value, Sl.No. of export product in the DGFT's Public Notice under which rates were notified, the rare claimed and Remarks etc. 9. All Bills of Entries filed for clearance of goods under the Scheme should be processed in Group VII of the Custom House. The Custom House should maintain DEPB-wise Ledgers. The Ledgers should contain information w ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
