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DGFT PUBLIC NOTICE NO. 62 (RE-2002)/2002-2007 dated 17.2.2003
SCHEDULE OF DEPB RATES
Attention is invited to the Public Notice No. 60/2002-07 dated 21st January, 2003, whereby the Paragraph 4.37 of the Handbook of Procedures (Vol. 1) as amended, has been corrected as under:-
“The Policy relating to Duty Entitlement Passbook Scheme (DEPB) Scheme is given in Chapter-4 of the Policy. The duty credit under the scheme shall be calculated by taking into account the deemed import content of the said export product as per SION and the basic custom duty and special additional duty ( SAD) payable on such deemed imports. The value addition achieved by export of such product shall also be taken into account while determining the rate of duty credit under the scheme.
(The expression “correction” denotes that this change is effective from 01.04.2002)”
2. Consequent to above and in exercise of the powers conferred under paragraph 2.4 of the Export and Import Policy, 2002-07 and paragraph 1.1 of Handbook of Procedures 2002-07, as amended, the Director General of Foreign Trade hereby notifies the revised DEPB rates of the items as contained in the book titled “Schedule of DEPB Rates” as annexed to this Public Notice at Annexure I.
3. Further except for the items indicated in Paragraph 4 below, in which case it shall be effective from the period with the revised DEPB rates indicated against each entry, the revised DEPB rates of the items as notified in Paragraph 2 above shall be effective from 01.04.2002.
4. With respect to the items in the book titled “Schedule of DEPB Rates”, where amendments in the export product descriptions/ DEPB Rates/ Value Caps and additions of new DEPB entries were made between the period 01.04.2002 to till date, the revised DEPB Rates and the period for which such revised DEPB Rates would be effective shall be as per Annexure – II to this Public Notice.
5. This issues in Public Interest.
Sd/-
( L. Mansingh )
Director General of Foreign Trade
(F.No. 01/83/162/738/AM03/DES-IV)
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