This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Duty Entitlement Pass Book" – news · newspapers · books · scholar · JSTOR(July 2009) (Learn how and when to remove this message)
DEPB (Duty Entitlement Pass Book ) is an export incentive scheme of Indian Government provided to Exporters in India.[1]
Duty Entitlement Pass Book Scheme (DEPB) is an export incentive scheme. The objective of DEPB is to neutralise the incidence of Customs duty on the import content of the export product. The neutralisation shall be provided by way of grant of duty credit against the export product. Under the DEPB, an exporter may apply for credit, as a specified percentage of FOB value of exports made in freely convertible currency.
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 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.
The DEPB Rates are applied on the basis of FOB value or value cap whichever is lower. For example, if the FOB value is Rs.700/- per piece, and the value cap is Rs.500/- per piece, the DEPB rate shall be applied on Rs.500/-. The DEPB rate and the value cap shall be applicable as existing on the date of exports as defined in paragraph 15.15 of Handbook (Vol.1).
DEPB Scheme is issued only on post-export basis and pre/export DEPB Scheme has been discontinued. The provisions of DEPB Scheme are mentioned in Para 4.3 and 4.3.1 to 4.3.5 of the Foreign Trade Policy or Exim Policy. One significant change in the new DEPB Scheme is that in terms of Para 4.3.5 of the Exim Policy even excise duty paid in cash on inputs used in the manufacture of export product shall be eligible for brand rate of duty drawback as per rules framed by Department of Revenue which was not mentioned in the earlier DEPB Scheme.
^[1] Archived 2009-06-07 at the Wayback Machine Policy relating to the Duty Exemption/Remission Scheme is prescribed in Chapter 4 of the Policy-Sourrnment of India
and 19 Related for: Duty Entitlement Pass Book information
political idea is that "each person’s entitlement to be his or her own master is only consistent with the entitlements of others if public legal institutions...
tariffs "for revenue only" (since duties continued to fund the national government). The Embargo Act of 1807 was passed by the U.S. Congress in that year...
"the risk of loss or damage [to the goods] passes from the seller to the buyer". In some jurisdictions, the duty costs of the goods may be calculated against...
location, a person may have a duty to retreat to avoid violence if one can reasonably do so. Castle doctrines lessen the duty to retreat when an individual...
Parliament passed the Indemnity Act, which lowered the tax on tea consumed in Great Britain and gave the East India Company a refund of the 25% duty on tea...
soldier. He came into public prominence in 1993 when he published a bookentitled Bravo Two Zero containing an account of a military mission which he...
his duty as a husband's brother according to the custom of levirate marriage with the late Er's wife Tamar, Onan instead refused to perform his duty as...
The Pirates of Penzance; or, The Slave of Duty is a comic opera in two acts, with music by Arthur Sullivan and libretto by W. S. Gilbert. Its official...
the locals.[citation needed] A bookentitled Lives of the Most Remarkable Criminals (1735) states that Charles II passed an act "whereby any person with...
possible for these holdings to be sold, as there were three lives with an entitlement. Copyhold for lives is therefore regarded as a less secure tenancy than...
handle mixing duties, while Alan Douches would handle the mastering process. On August 31, 2018, the band announced the second part of The Book of Suffering...
passes issued at the rate of one masha per pass to enter and exit the country. Chapter 34 of the Second Book of Arthashastra concerns with the duties...
when aged around 16, he won the second prize for the best essay on "the duty of kindness to animals", a competition opened to students of about 120 London...
higher voting groups are addressed more frequently, causing more bills to be passed to fix these problems. Civic engagement can take many forms—from individual...
American author Munro Leaf. Illustrated by Robert Lawson, the children's book tells the story of a bull who would rather smell flowers than fight in bullfights...
Alloran was an officer under Prince Seerow, who relieved his superior of duty after a force of Yeerks stole Andalite ships and left their planet thanks...
have any power over the sub-tenant to collect taxes. In 1290 King Edward I passed the Statute of Quia Emptores that prevented tenants from leasing their lands...
Global Information