Transferable & Non Transferable DEPB

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..... g on proof of realisation of export proceeds. During 1998-99 and 1999-2000, non-transferable DEPBs and transferable DEPBs (against exports made under letter of credit) were issued without insisting on proof of realisation of export proceeds. As per para 7.38 of Handbook of Procedures, wherever export proceeds are not realised within six months or such extended period as may be allowed by RBI, DEPB .....

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..... ainst the exporters who have taken DEPBs and fail to comply with the above instructions, and further issuance of DEPB / Adv. Licences etc. is liable to be stopped as per rule 7 of Foreign Trade (Regulation) Rules, 1993 to such exporters without any further notice in addition to any other action that may be taken in such cases under Foreign Trade Regulations Act, 1992, Rules and Orders issued there .....

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