Utilisation of DEPB credit in case of import of Edible oil - DGFT - 05 /2004-09

Utilisation of DEPB credit in case of import of Edible oil PUBLIC NOTICE NO. 05/2004-09 Dated 16/09/2004 In exercise of powers conferred under Paragraph 2.4 of the Foreign Trade Policy, 2004-09, the Director General of Foreign Trade hereby makes the following corrections in Handbook of Procedures (Vol. I) :- At the end of Para 4.42 related to "utilization of DEPB credit", the following clause shall be added:- "In case of edible oils, whether refined or unrefined, the DEPB may be used for debit of 50% of the applicable duty and the balance 50% shall be paid in cash." This issues in Public Interest. (K.T CHACKO) DIRECTOR GENERAL OF FOREIGN TRADE AND EX-OFFICIO ADDITIONAL SECRETARY TO THE GOVT. OF INDIA (Issued from File No. 01/94/180/9/AM05/PC.IV)