Cotton Yarn Incentives
during Free Shipping Bill period April-July 2011
[Ref: Policy
Circular No. 52 (RE-2010)/2009-14 Dated: 12 .1.2012]
Subject:
-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 ‘Cotton’ from 01.10.2010 to 04.08.2011.
Policy
Circular No. 47 (RE 2010)/2009-2014 dated 08.11.2011 laid down the procedure to
file the DEPB applications for ‘Free Shipping Bills” for exports of ‘Cotton
Yarn including Melange Yarn’ and ‘Cotton’. Representations have been received
from trade and industry with regard to exports made under the “EPCG Shipping
Bills” for “Cotton yarn including Melange yarn” from 01.04.2011 to 04.08.2011
and ‘Cotton’ from 01.10.2010 to 04.08.2011. In such cases appropriate code for
DEPB and EPCG could not be given as during the period DEPB was not available.
For the making applications of DEPB in such cases, the following procedure is
laid down:-
For
Exporters:
(i)
Hard copy of the application will be
submitted to RA along with copy of EPCG Shipping Bill.
(ii)
An undertaking that he/she has not
availed any duty exemption/neutralisation benefit on the exports made under
this Shipping Bill.
For Regional
Authorities (RAs):
(i)
The details of shipping bill number and
date, EPCG and Customs Authority allowing exports will be given on the DEPB
Scrip.
(ii)
The endorsement that this DEPB has been
issued in Manual Mode.
2. Any difficulty in implementation of the
aforesaid guidelines shall be brought to the notice of this Directorate
immediately.
3. This issues with the approval of DGFT.