DEPB
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 July 2010
What is DEPB.
31 July 2010
DEPB stands for Duty Entitlement Pass Book. It is a scheme which is offered by the Indian government to encourage exports from the country.
DEPB means Duty Entitlement Pass Book to neutralise the incidence of basic and special customs duty on import content of export product. This is provided by way of grant of duty credit against the export product at specified rates. The DEPB Scheme which was notified on 1/4/1997 consisted of (a) Post-export DEPB and (b) Pre-export DEPB. The pre-export DEPB scheme was abolished w.e.f. 1/4/2000. Under the post-export DEPB, which is issued after exports, the exporter is given a duty entitlement Pass Book at a pre-determined credit on the FOB value. The DEPB allows import of any items except the items which are otherwise restricted for imports.
DEPB means Duty Entitlement Pass Book to neutralise the incidence of basic and special customs duty on import content of export product. This is provided by way of grant of duty credit against the export product at specified rates. The DEPB Scheme which was notified on 1/4/1997 consisted of (a) Post-export DEPB and (b) Pre-export DEPB. The pre-export DEPB scheme was abolished w.e.f. 1/4/2000. Under the post-export DEPB, which is issued after exports, the exporter is given a duty entitlement Pass Book at a pre-determined credit on the FOB value. The DEPB allows import of any items except the items which are otherwise restricted for imports.
31 July 2010
Duty Entitlement Pass Book Scheme in short DEPB is an export incentive scheme. Notified on 1/4/1997, the DEPB Scheme consisted of (a) Post-export DEPB and (b) Pre-export DEPB. The pre-export DEPB scheme was abolished w.e.f. 1/4/2000. Under the post-export DEPB, which is issued after exports, the exporter is given a duty entitlement Pass Book Scheme at a pre-determined credit on the FOB value. The DEPB rates is allows import of any items except the items which are otherwise restricted for imports. Items such as Gold Nibs, Gold Pen, Gold watches etc. though covered under the generic description of writing instruments, components of writing instruments and watches are thus not eligible for benefit under the DEPB scheme.
31 July 2010
DUTY ENTITLEMENT PASSBOOK SCHEME.
AS PER ABOVE MENTIONED EXPERTS ASK THAT NOTIFICATION NO. THIS AUTHORISATION / LICENSE PROVIDED TO THE EXPORTER.
ACTUALLY THIS LICENCE IS TRANSFERABLE OR NON TRANSFERABLE (IF YOUR REALISATION NOT RECEIVED)
EP COPY OF SHIPPING BILL , BILL OF LADING , BRC IS SUBMITTED IN CONCERNED REGIONAL LICENSING AUTHORITY.
The Government of India review the DEPB rates after getting the appropriate a export import data on FOB value of exports and CIF value of inputs used in the export product, as per SION. Such data and information is usually obtained from the concerned Export Promotion Councils.
FOR MORE INFORMATION LOG ON TO:- DGFT.GOV.IN
AS PER ABOVE MENTIONED EXPERTS ASK THAT NOTIFICATION NO. THIS AUTHORISATION / LICENSE PROVIDED TO THE EXPORTER.
ACTUALLY THIS LICENCE IS TRANSFERABLE OR NON TRANSFERABLE (IF YOUR REALISATION NOT RECEIVED)
EP COPY OF SHIPPING BILL , BILL OF LADING , BRC IS SUBMITTED IN CONCERNED REGIONAL LICENSING AUTHORITY.
The Government of India review the DEPB rates after getting the appropriate a export import data on FOB value of exports and CIF value of inputs used in the export product, as per SION. Such data and information is usually obtained from the concerned Export Promotion Councils.
FOR MORE INFORMATION LOG ON TO:- DGFT.GOV.IN
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