Issue of transferable DEPBs & Registration with Councils dealing with main line

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..... tion with Councils dealing with main line of business I. Processing of DEPB with/without deficiencies : Attention of the Trade is invited to Para 4.44 and Para 4.47 of the Handbook of Procedures (Vol. I). As of now, the Mumbai office has been processing the applications by granting non-transferable DEPBs and without raising deficiencies even where the exporters had applied for transferable DEPB .....

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..... be cumbersome and hence not advisable. In view of the above, it has been decided that where transferable DEPB is applied by the exporters without furnishing the proof of date of realisation on the Bank Certificate, in such cases, non-transferable DEPBs would be issued without raising deficiency. However, if the application involves applying late cut, such applications will be returned with defici .....

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..... ils dealing with their main line of business (unless some specific exemptions are available to them). From 1.10.2004 applications not accompanied by registration from appropriate Council will not be entertained. (S. S. SANDHU) ZONAL JOINT DIRECTOR GENERAL OF FOREIGN TRADE - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxma .....

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