Abolition of DEPB Scheme w.e.f. 01.10.2011 - changes in ICES 1.5

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..... 011 wherein it has been indicated that DEPB scheme will be abolished with effect from 01.10.2011 and a new Drawback Schedule incorporating items on which DEPB shall be abolished would be introduced w.e.f. 01.10.2011. Changes in ICES 1.5 Necessary modifications are being made in the India Customs EDI System (ICES 1.5) to give effect to these changes in line with the above Circular. These changes .....

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..... DI System will however, continue to process import under DEPB till validity of DEPB scrip issued by DGFT. (6) In view of the anticipated rush in DEPB Shipping Bills the following officers are additionally posted in the Export Section on 30.09.2011. (i) Shri D. Paul (AO) (ii) Shri Anil Kumar (AO) (iii) Shri S.N. Suresh (AO) No change in Procedure for claiming drawback: There is no change in .....

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..... to the bank account of the exporter in authorized bank branch at a custom location or to any core banking enabled bank account of the exporter, in any branch/bank anywhere in the country (through NEFT/RTGS). d. To avail of the procedure at c) the exporter is required to declare to the Customs authorities, the Indian financial Service Code (IFSC) of the bank branch in which he wishes to receive dr .....

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