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About DEPB Credit

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(Querist)
05 August 2008 sir,

Wht is the use Of DEPB licence.

how to earn DEPB on export if the company has not any import so how can we use of DEPB.

when we shown (under the which a/c head) the DEPB credit in balance sheet or p& l a/c.

plz give me explanation about DEPB, its utilisation and accounting.

Mitesh
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ravi

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ravi (Expert)
08 August 2008 DEPB is a scheme from which we get incentive from the Director General of Foreign Trade. We have to submit the DEPB application and we get DEPB LICENCE, we can sale the licence or we can use for any imports we have. There are several rates given for several products. You can visit website (i.e.dgft.delhi.nic.in)for futher clarifications regarding DEPB LIC.
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