What Is The DEPB Sales

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yusuf anvarbhai amin

yusuf anvarbhai amin (Querist)

20 April 2011 Dear Sir,
I Want To Know About DEPB What ITs Useful in import

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

20 April 2011 DEAR SIR,
DEPB stands for Duty Entitlement Pass Book. It is a scheme which is offered by the ministry of commerce, Govt of India 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.

Validity: - 24 Month

Transferable or non transferable: when BRC / FIRC issued after authentication by banker submit in concerned DGFT / RLA.

On the other hand not realized the payment then RLA issue it at a non transferable level after submit the bank guarantee by DGFT / RLA.

FOR MORE INFO:-
https://www.depb.net/eligibility.html

yusuf anvarbhai amin

yusuf anvarbhai amin (Querist)

20 April 2011 Thank You Sir

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