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DGFT - Highlights / Catch Notes

Home Highlights August 2011 Year 2011 This

Restoration of DEPB benefit on export of ‘Cotton yarn including ...

DGFT

August 5, 2011

Restoration of DEPB benefit on export of ‘Cotton yarn including Melange Yarn’. – Circular 67 /2009-2014(RE 2010) Dated: August 4, 2011

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  1. Filing of applications for DEPB in cases of exports made under “EPCG Shipping Bills” for items “Cotton yarn including Melange yarn” from 01.04.2011 to 04.08.2011 and...

  2. Filing of applications for DEPB to the RA concerned with “Free Shipping Bills” for exports of “Cotton yarn including Melange yarn” made from 01.04.2011 to 04.08.2011 and...

  3. Customs authorities cannot unilaterally alter the amount of DEPB benefit given by DGFT authorities based on export documents relating to exports already made. - AT

  4. All exports under DEPB scheme upto 30.9.2011, where the Let Export Order (LEO) has been issued shall be eligible for the issue of DEPB Scrips

  5. Availability of DEPB benefit on export of Cotton. – Circular 68 /2009-2014(RE 2010) Dated: August 4, 2011

  6. DEPB benefit - benefit obtained on the basis of forged documents - The liability of duty cannot be fastened on the appellant being a bona fide purchaser of DEPB scrips

  7. Benefit of Exemption - When the dyed yarn is made out of twisted yarn and the twisted yarn in turn is made out of duty paid or draw twisted yarn the dyed yarn is also to...

  8. Duty demand - DEPB Scrips obtained by fraud - Confiscation of goods - No exports, on the basis of which DEPB scrips were issued, had actually taken place - recovery to be made - AT

  9. Fiscal Penalty on nominee directors - failure to fulfill the export obligation under DEPB licenses - HC

  10. Captive Consumption - Benefit of exemption - Since the appellant has got their goods manufactured/yarn dyed from job worker; in these circumstances, the job worker is...

 

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