TRADE NOTICE NO.5 / 2002-2003       DATED  25.02.2003

Sub:- Procedure for filing supplementary DEPBs as per Public Notices 62 & 63

             Attention of the Trade is invited to the DGFT Public Notice No.62 dated 17.2.2003 wherein schedule of DEPB rates have been published.  Attention of the trade is also invited to DGFT Public Notice No.63 dated 17.2.2003 wherein detailed guidelines have been issued explaining as how to make supplementary DEPB applications for claiming the benefits as per the new rates. The following guidelines are issued for the benefit of Trade and Industry for filing the applications.

 1.      In cases where the exporter has not applied for DEPB credit in respect of shipping bills where date of order of Let Export is on or after 1st April 2002 , he can apply for the DEPB with new rates notified by Public Notice No.62 dated 17.2.2003 .  Such applications shall be filed in the appendix 10C alongwith prescribed documents as per procedure given in Handbook (Vol.I).

 2.      In case where the exporter has already applied for DEPB credit  and has not received the DEPB, the exporters are requested to file a revised application as per new rates notified in the P.N. 62/17.2.2003 with the differential fee /  additional application fee.

 3.      a) In case where the exporter has already obtained DEPB in respect of  shipping bills where date of order of Let Export is on or after 1st April 2002, the exporter shall apply for one single supplementary DEPB for additional claim on account of difference between the revised rates notified under Public Notice No.62 dated 17.2.2003 and the rates applicable on the date of order of let export, if any.  Such applications shall be filed manually at the concerned licensing authority in the format as given in Annexure to this Public Notice.  Only TR for the requisite fee shall be submitted with the application.  No other document shall be required to be furnished.

 b) The exporter while applying for a single claim shall have the option to obtain the supplementary  DEPB for all transferable/ actual user DEPB ( the exporter shall have the option to combine either all transferable DEPBs  or all actual user DEPBs from a specified port.   Combination of transferable DEPB with actual user DEPB and vice-versa shall not be permitted) in the following manner:-

 i.   Separate supplementary DEPBs for each of the DEPBs issued earlier in respect of shipping bills where date of order of Let Export is on or after 1st April 2002. 

 ii.   One consolidated supplementary DEPB, for each port of registration, for all the past DEPBs issued earlier in respect of shipping bills where date of order of Let Export is on or after 1st April, 2002.

     iii.   Portwise split up supplementary DEPBs shall be issued by the concerned licensing authority to make the DEPB supplementary value near Rs.5.00lakhs.  

iv.   The option will be irrevocable and no request to change the options will be entertained once application has been filed at the counter.

 4.      Licence fee shall be at rates as specified in Appendix-29 of the Handbook of Procedures (Vol.I) .  However, the licence fee shall  be calculated on a consolidated supplementary DEPB value basis and deposited in lump sum alongwith the application irrespective of the option exercised by the exporter in paragraph 3(b) above.  No additional fee shall be charged for splitting up the DEPB claims as per the option exercised by the exporter. 

5.   Last date for filing such DEPB supplementary claims with the concerned licensing authority will be 30th September, 2003. The applications of supplementary claims will be accepted at the counter between 2.00 & 4.30 P.M.

6.   The original DEPB licence holder (not the transferee) will only be eligible to file supplementary claim for all the  shipping bills where date of order of Let Export is on or after 1st April 2002.                  

7.    The supplementary DEPB shall be valid for a period of 12 months from the date of   issue.

 ( Issued from File No. ITC / 1 / MISC / T.N/AM-03)                                                                                               

                                                                                                ( N.CHANDRASEKARAN)  
Asst. Director General of Foreign Trade  
For Zonal Joint Director General of Foreign Trade