DEPB LICENCE
This query is : Resolved
28 July 2010
Dear Sir,
What is DEPB Licence please? explain me in brief?
How many fee provided by exporter in lieu of issuance this licence?
Regards
What is DEPB Licence please? explain me in brief?
How many fee provided by exporter in lieu of issuance this licence?
Regards
29 July 2010
RAHUL,
DUTY ENTITLEMENT PASS BOOK IN SHORT IT IS AN EXPORT INCENTIVE SCHEME, 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 AT A PRE-DETERMINED CREDIT ON THE FOB VALUE.
AS PER FOREIGN TRADE POLICY (2009-2014), WHEN THE GOODS EXPORTED, AFTER REALIZATION OF PAYMENTCAN RELEASED IT FROM BUYER,) EXPORTER APPROACHED IN THEIR BANK AND ASK FOR AUTHENTICATION OF BANK CERTIFICATE OF EXPORT AND REALISATION (APPENDIX-22A) OTHERWISE RLA WILL NOT MENTION ON IT TRANSFERABLE.
AS PER PARA 4.3.1, FTP 2009-2014:-
AN EXPORTER MAY APPLY FOR CREDIT, AT SPECIFIED PERCENTAGE OF FOB VALUE OF EXPORTS, MADE IN FREELY CONVERTIBLE CURRENCY. IN CASE OF SUPPLY BY A DTA UNIT TO A SEZ UNIT/SEZ DEVELOPER/CO-DEVELOPER, AN EXPORTER MAY APPLY FOR CREDIT FOR EXPORTS MADE IN FREELY CONVERTIBLE CURRENCY OR PAYMENT MADE FROM FOREIGN CURRENCY ACCOUNT OF SEZUNIT/SEZ DEVELOPER/CO-DEVELOPER. IN ADDITION, THE EXPORTER SHALL ALSO BE ENTITLED FOR DEPB BENEFIT IN CASE PAYMENT IS MADE IN INDIAN RUPEES BY SEZ DEVELOPER/CO-DEVELOPER FOR SUPPLIES RECEIVED W.E.F 10.2.2006.
FORMALITIES OF ISSUANCE THIS LICENSE:-
EP COPY, BILL OF LADING AND BRC SUBMIT IN OFFICE OF CONCERNED REGIONAL LICENSING AUTHORITY, WITH PRESCRIBED FEE. OF 2.50 RS PER THOUSANDS IF DIGITAL KEY AVAILABLE OTHERWISE 5 RS. PER ONE THOUSAND FEES WILL BE.
Validity of this licence is 24 months.
Regards
DUTY ENTITLEMENT PASS BOOK IN SHORT IT IS AN EXPORT INCENTIVE SCHEME, 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 AT A PRE-DETERMINED CREDIT ON THE FOB VALUE.
AS PER FOREIGN TRADE POLICY (2009-2014), WHEN THE GOODS EXPORTED, AFTER REALIZATION OF PAYMENTCAN RELEASED IT FROM BUYER,) EXPORTER APPROACHED IN THEIR BANK AND ASK FOR AUTHENTICATION OF BANK CERTIFICATE OF EXPORT AND REALISATION (APPENDIX-22A) OTHERWISE RLA WILL NOT MENTION ON IT TRANSFERABLE.
AS PER PARA 4.3.1, FTP 2009-2014:-
AN EXPORTER MAY APPLY FOR CREDIT, AT SPECIFIED PERCENTAGE OF FOB VALUE OF EXPORTS, MADE IN FREELY CONVERTIBLE CURRENCY. IN CASE OF SUPPLY BY A DTA UNIT TO A SEZ UNIT/SEZ DEVELOPER/CO-DEVELOPER, AN EXPORTER MAY APPLY FOR CREDIT FOR EXPORTS MADE IN FREELY CONVERTIBLE CURRENCY OR PAYMENT MADE FROM FOREIGN CURRENCY ACCOUNT OF SEZUNIT/SEZ DEVELOPER/CO-DEVELOPER. IN ADDITION, THE EXPORTER SHALL ALSO BE ENTITLED FOR DEPB BENEFIT IN CASE PAYMENT IS MADE IN INDIAN RUPEES BY SEZ DEVELOPER/CO-DEVELOPER FOR SUPPLIES RECEIVED W.E.F 10.2.2006.
FORMALITIES OF ISSUANCE THIS LICENSE:-
EP COPY, BILL OF LADING AND BRC SUBMIT IN OFFICE OF CONCERNED REGIONAL LICENSING AUTHORITY, WITH PRESCRIBED FEE. OF 2.50 RS PER THOUSANDS IF DIGITAL KEY AVAILABLE OTHERWISE 5 RS. PER ONE THOUSAND FEES WILL BE.
Validity of this licence is 24 months.
Regards
Message likes :
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30 July 2010
thankyou sir
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