Amendment of Paragraphs 2.13.1, 3.11.7 and 4.50 of HBP, Vol 1 for revalidation of freely transferable Authorization/Duty Credit Scrips and Re-Credit of 4 per cent SAD thereof.

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2.13.2.T

PUBLIC NOTICE

New Delhi, the 3rd February, 2010

No. 38/2009-2014

Subject : Amendment of Paragraphs 2.13.1, 3.11.7 and 4.50 of HBP. Vol. 1 for revalidation of freely transferable Authorization/Duty Credit Scrips

and Re-credit of 4% SAD thereof.

fh--174 " 2.13.I.T te\Li (31 t 111 "41 t4f5ti) 4.-.11 1-11-7 . *1 4 -51t717 ft 33fdfroTr c (-crA 7 z) -t *-fgzT=c5ich-r F. No. 01/94/180/DEPB-SAD Rccredit/AM 10/PC- -grer91 31-1q*-oA 31-0-4 rco itfr*TuT .61 3Ty-to z1R1 1 ,514 4.—In exercise of powers conferred under Para 2.4 of the *f-fa 7A-4:§r trt Ivor 1 a 3T-aftT Foreign Trade Policy, 2009-2014, the Director General of cb +-1* I" Foreign Trade hereby makes the following amendments in (1) 412 G1/2010

by the following :—

"2.13.1 However, revalidation of freely transferable

Authorisation Duty credit scrips and stock and sale

Authorisation shall not be permitted unless validity

has expired while in custody of Customs Authority/

RA."

A new Paragraph 2.13.2A stands added in the

HBP Vol. 1 as under :-

"2.13.2 A For the purpose of re-credit of 4% Special Additional Duty (SAD) of customs in the freely transferable Duty Credit Scrips (including DEPB), revalidation for a maximum period of 6 months from the date of endorsement, shall be allowed in case the balance period of validity is less than 6 months

on the date of re-credit."

"3.11. 7 Duty Credit Scrip shall be valid for a period of 24 months and Revalidation of Duty Credit Scrip shall not be permitted unless covered under Paragraph 2.13.1 or Paragraph 2.13.2 A of HBP, Vol. 1."

Paragraph 4.50 related to revalidation of DEPB

shall be replaced by the following :

"No revalidation shall be granted beyond original

period of validity of DEPB unless covered under Paragraph 2.13.1 or Paragraph 2.13.2 A of HBP,

Vol. 1."

This issues in public interest.

R. S. GWRAL, Director General of Foreign Trade

& ex-officio SpI. Secy.