Re-import of goods under Duty Entitlement Passbook (DEPB) Scheme - Amendment to Notification No. 94/96-Cus. - 135/99 - Customs -Tariff

Re-import of goods under Duty Entitlement Passbook (DEPB) Scheme - Amendment to Notification No. 94/96-Cus. Notification No. 135/99-Cus. Dated 27-12-1999 In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962), the Central Government, being satisfied that it is necessary in the public interest 0so to do, hereby makes the following further amendments in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No. 94/96-Customs, dated the 16th December, 1996, namely :- In the said notification, - (a) in the Table after serial No. 2 and the entries relating thereto, the following shall be insereted, namely :- 1. 2. 3. "2A. Goods imported under Duty Entitlement Passbook (DEPB) Scheme. Amount of Central Excise duty leviable at the time and place of importation of goods plus amount of drawback of excise duties allowed at the time of exports, subject to the condition that the importer produces a Duty Entitlement Passbook before the proper officer of Customs for debit of an amount equal to the amount of Duty Entitlement Passbook Scheme (DEPB) credit which was permitted by the Government of India in the Ministry of Commerce for the products exported at the time of export of the consignment which is being re-imported."; (b) in the first proviso, in clause (a), (i) for the bracket, letters and words "(EPCG) [are re-imported within three years", the brackets, letters and words "(EPCG) or Duty Entitlement Passbook Scheme (DEPB)] are re-imported within three years" shall be substituted; and (ii) for the brackets, letters and words "(EPCG), re-importation of such goods takes place", the brackets, letters and words "(EPCG) or Duty Entitlement Passbook Scheme (DEPB), re-importation of such goods takes place" shall be substituted.