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EXTRAORDINARY

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PART I—Section 1

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PUBLISHED BY AUTHORITY

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MINISTRY OF COMMERCE AND INDUSTRY

(Department of Commerce)

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.

F. No. 01/94/180/DEPB-SAD Rccredit/AM 10/PC-

4.—In exercise of powers conferred under Para 2.4 of the

Foreign Trade Policy, 2009-2014, the Director General of

Foreign Trade hereby makes the following amendments in

412 G1/2010

(1)

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART ISEc. 1J

the Handbook of Procedures (Vol. 1), 2009-2014 :--

Paragraph 2.13.1 of HBP, Vol. I shall be substituted

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."

Paragraph 3.11.7 related to validity period of duty

credit scrips issued under Chapter 3 shall be replaced by

the following :—

"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.

Printed by the Manager, Government of India Press, Ring Road, Mayapuri, New Delhi-110064

and Published by the Controller of Publications, Delhi-110054.

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