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No.14/005/106/2002
Oct 30,2002
Members of the Council,
Dear Members,
We append below a copy of Public Notice No.43/2002-07 dated Oct 18, 2002 issued by the Director General of Foreign Trade, New Delhi, regarding penalty for delay in intimation of change in the name and constitution of an IEC holder. Also regarding revised format of “DEPB Data Sheet” for fixation of DEPB rate.
This is for your information and necessary guidance.
Thanking you,
Yours faithfully,
K. Abdul Sattar Khan
Asst Director
RELEVANT EXTRACT OF THE PUBLIC NOTICE NO.43/2002-07 DATED OCT 18, 2002 ISSUED BY DGFT, NEW DELHI
In exercise of powers conferred under paragraph 2.4 of the Export and Import Policy, 2002-07, the Director General of Foreign Trade hereby makes the following amendments in the Handbook of Procedures (Vol-1):
3. The penalty for delay in intimation of the change in the name or constitution of an IEC holder beyond 60 days from the date of such change has been reduced to Rs.1000/- from Rs.5000/-. Accordingly, the last sentence of para 9.1 (b) is amended as under:
“Provided, however, the licencing authority issuing IEC Code may, condone the delay on payment of a penalty of Rs.1000/-.”
4.Appendix 10 A pertaining to the “Data Sheet for DEPB Rates” is amended as per annexure to this Public Notice.
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