Government has withdrawn DEPB Scheme with effect from 1.10.2011.
DEPB (Duty Entitlement Pass Book ) is an export incentive scheme of Indian Government provided to Exporters in India.
- It was decided that revised duty drawback rates are extended to items which were in the DEPB Scheme. The Duty Drawback Scheme, which was announced for the year 2011-12 on 20.9.2011 (effective from 1.10.2011) has 1096 new items.
- The Scheme was earlier extended for a further period of 3 months from 30.6.2011, i.e., upto 30.9.2011 so as to facilitate a smooth transition once the DEPB Scheme is phased out
- . Government has received requests from various industries for extension of DEPB Scheme. The decision to phase out DEPB has not been reconsidered.
DEPB (Duty Entitlement Pass Book ) is an export incentive scheme of Indian Government provided to Exporters in India.
- Duty Entitlement Pass Book Scheme in short DEPB is an export incentive scheme.
- DEPB Scheme is issued only on post-export basis and pre/export .
No comments:
Post a Comment