Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ular No. 42/2011 Cus. dated 22.09.2011 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ll with LEO date upto 30.09.2011 to DGFT. (5) The EDI 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 c .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... The drawback amount in respect of individual exporters is credited directly 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 fin .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ollowed by the exporter for fresh registration of new bank account number at each port of export from where he is exporting goods. g. Exporters can check the status of their drawback claims at www.icegate.gov.in . Any difficulty may be brought to the notice of the undersigned. Sd/- (VIJAY KALSI) COMMISSIONER OF CUSTOMS - Circular - Trade Notice - Public Notice - Instructi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates