GOVERNMENT OF INDIA
MINISTRY OF COMMERCE AND INDUSTRY
DEPARTMENT OF COMMERCE
PUBLIC NOTICE No. 38 / 2009-14
NEW DELHI: the 3rd February, 2010
Subject: Amendment of paragraph 2.13.1, 3.11.7 and 4.50 of HBP Vol. 1 for
revalidation of freely transferable Authorization/ Duty credit scrips and
re-credit of 4% SAD thereof.
In exercise of powers conferred under Para 2.4 of the Foreign Trade Policy,
2009-14, the Director General of Foreign Trade hereby makes the following
amendments in the Handbook of Procedures (Vol.1), 2009-14:-
- Paragraphs 2.13.1 of HBP Vol. 1 shall be substituted by the following:
2.13.1 However, revalidation of freely transferable Authorisation / Duty credit
scrips and stock and sale Authorisation shall not be permitted unless validity
has expired while in custody of Customs authority / RA.
- A new Paragraph 2.13.2A stands added in the HBP Vol. 1 as under:
2.13.2A For the purpose of re-credit of 4% Special Additional Duty (SAD) of
customs in the freely transferable Duty credit scrips (including DEPB),
revalidation for a maximum period of 6 months from the date of endorsement,
shall be allowed in case the balance period of validity is less than 6 months on
the date of re-credit.
- Paragraph 3.11.7 related to validity period of duty credit scrips issued
under chapter 3 shall be replaced by the following:
3.11.7 Duty Credit Scrip shall be valid for a period of 24 months & Revalidation
of Duty Credit Scrip shall not be permitted unless covered under paragraph
2.13.1 or paragraph 2.13.2 A of HBP v1.
- Paragraph 4.50 related to revalidation of DEPB shall be replaced by the
following:
No revalidation shall be granted beyond original period of validity of DEPB
unless covered under paragraph 2.13.1 or paragraph 2.13.2 A of HBP v1.
This issues in public interest.
Sd/-
(R.S. Gujral)
Director General of Foreign Trade and
Ex-officio Special Secretary to the Government of India
(Issued from File. No. 01/94/180/DEPB-SAD recredit/AM10/PC-4)