Validity period of depb license

This query is : Resolved

Davindar Singh (Querist)
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30 April 2012 Dear Sir,

Kindly clarify whether validity of DEPB license for 24 months begins from the date of license issued by DGFT or from the date of registration of license at any port for its utilization.

Thanks & regards,

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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01 May 2012 The licence shall be valid for 24 months for imports from the date of its issuance as per foreign trade policy 2009-2014..

any query will be highly appreciated.....

Mihir Doshi

Mihir Doshi (Expert)
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01 May 2012 Sir,

I heard that DEPB is now stand cancelled so what is the alternative incentive available and also i would like to know how to get benefit of it. Suppose my product is Gluconate or related to maize products then how do i get benefit of export?

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RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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01 May 2012
please Refer to custom circular No. 26 dtd. 1st july, 2011 for clear your query....

from this scheme govt. has loss 8500 crore annualy that is why govt closed this scheme.

please read link for info.:

http://www.cbec.gov.in/customs/cs-circulars/cs-circulars11/circ26-2k11-cus.htm

& i would like to again inform this club that DEPB SCHEME already withdrawal by DGFT & various items already merged in DRAWBACK scheme.

although Chapter-3 scheme is available for the exporters read :

http://164.100.9.245/exim/2000/procedures/bchap-03.html

Regards,

Mihir Doshi

Mihir Doshi (Expert)
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01 May 2012 Dear Sir,

Thanks for your reply.

Can you send me mail on mihir_doshi@rediffmail.com.

Sir, They have closed the scheme but what is the alternative. Suppose i am exporting then how do i claim the duty or what is the best way. Our product is made of Maize i.e. Gluton, Glucose and other Maize products.

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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01 May 2012 sir,

link is for you.

http://dgft.gov.in/exim/2000/cir/cir08/cir1808.htm

http://www.trade-links.net/vkguy.htm