Issue of DEPB for Drug Formulations under Serial No.37 & 40 of Chemicals -no final assessment from customs required

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..... ial No.37 40 of Chemicals -no final assessment from customs required. It has been brought to the notice of this office that a large number of shipping bills are pending for issue of DEPB under Serial No.37 and 40 of Chemicals, primarily because Customs, at the time of passing these shipping bills, have provisionally assessed them pending clarification from Central Board of Excise Customs. So .....

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..... 11/2001 has clarified that no value cap will be applicable in case of both Serial Nos.37 and 40 of DEPB rate list pertaining to Chemicals and Allied Products in case of exports prior to 2/11/2001. However, this facility of issue of DEPB without final assessment of such shipping bills shall be available for applications submitted on or before 28/2/2002 only and application received thereafter will .....

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