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DEPB or equivalent

HBJ Mumbai (Director) (125 Points)

17 June 2011

We are having about 50% export sales. We import lot of raw material and pay Custom Duty and CVD etc. We get MODVAT of the CVD but we lose custom duty. I understand that there is a DEPB scheme for getting fixed refund of export FOB. Can anyone advice what is the procedure for this? Other than this scheme, is there any other procedure for getting refund of csutom duty.

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5 Replies

RAMESH KUMAR VERMA ( CS PURSUING ) (43848 Points)
Replied 17 June 2011

ACTUALLY SIR, MINISTRY OF COMMERCE PROVIDE THER FACILITY OF DEPB TO THE EXPORTER.IT DEPANDS IS INCENTIVE IS AVAILABLE ON YOUR PRODUCTS ? IT CAN BE FINDOUT WHEN either U PROVIDE RITC HS CODE NO. OF EXPORT ITEM OR READ THE FOREIGN TRADE POLICY 2009-2014.

REGARDS,

MANISH.M (CA-Final ) (66 Points)
Replied 17 June 2011

Actually i wanna know about all import and export procedure.... and there process??....can any1 plz... upload

RAMESH KUMAR VERMA ( CS PURSUING ) (43848 Points)
Replied 17 June 2011

THANKS FOR PARTICIPATE IN CA CLUB INDIA

FOR MORE INFORMATION LINKS ARE :-

https://dacnet.nic.in/ppin/IpmImport_Cont.htm

https://exim.indiamart.com/indian-exim-policy/handbook-procedures1-introduction.html

YOU CAN READ THE CURRENT FOREIGN TRADE POLICY 2009-2014 YOU ARE HEARTLY WELCOME IN THIS CLUB IF YOU FOUND ANY QUERY RELATED THE EXPORT IMPORT TELL ME I WILL RESOLVE .

THANKS,

HBJ Mumbai (Director) (125 Points)
Replied 17 June 2011

Mr.Verma, thank you for the reply. Our product code is there in DEPB schedule. The duty drawback rate is 1%. Should we approach the local excise authorities for the procedure?