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What is DEPB?

Anonymous

∙ 17y ago

Updated: 9/11/2023

DEPB stands for Duty Entitlement Pass Book. It is a scheme which is offered by the Indian government 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. Source: Government of India, Department of Commerce

Wiki User

∙ 17y ago

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Related Questions

Can you sale depb agt form c?

you can sale since depb is goods

What is the validity of depb license?

Validity of d.e.p.b. Import licence is in anyway 24 months from the date of issue of the depb. I.e., if the date of issue of depb licence is : 14-07-2010, the depb licence will expire on date: 13-07-2010. But as per the policy annonced, this d.e.p.b. Licence will expire actually on dt : 31-07-2010. In other words, any depb licence will expire on the end of the month in which the depb is issued - after 24 months. If the depb issued date is : 30-07-2010, automatically, the depb will expire on 31-07-2010. No extension will be allowed after this period. The holders have to use the depb within this period, or they have to sell the depb before this period.

What is full form of DEPB?

The full form of DEPB is Duty Entitlement Pass Book

What is DEPB code?

babjak

What is full form of DEEC and DEPB?

DEEC

You are a sez unit you also paid payment in inr to dta units can you claim depb?

No Under DEPB scheme we cannot pay in INR. THis has to be done in Foreign Currency. Regards'

What are the contents of a DEPB?

The main features of the DEPB scheme are as follows: i) An exporter can import raw materials, intermediates, components, parts, packaging material etc. except those items mentioned as restricted item for imports in ITC (HS) classifications of export and imports items. ii) DEPB benefit is available on post export basis only. The rates of import duty credit under DEPB scheme are given in the Hand Book of Procedures Vol.1. The DEPB on post export basis is granted only after the proceeds have been realized by the exporter. iii) Merchant exporter and manufacture exporter are eligible for DEPB on the post export basis. iv) The import of inputs is allowed without payment of basic customs duty and surcharge thereof as well as additional duty of customs, against the import duty credit granted under this scheme. The holder of DEPB has the option to pay additional customs duty, if any, in cash as well. v) Third party exports are also admissible for grant of credit under DEPB. vi) The DEPB shall be valid for a period of 12 months from the date of its issuance. vii) The goods already imported/shipped/arrived in advance but not cleared from customs may also be cleared against the DEPB issued subsequently. viii The DEPB on the post export basis and / or the items imported against it are freely transferable. The transfer of DEPB shall however, be for import at the port specified in the DEPB which shall be the port from where exports have been made. ix) An exporter can file application for the grant of import duty credit under DEPB scheme within a period of 180 days from the date of exports or within 90 days from the date of realization of export proceeds, whichever is later. The numbers of days are calculated from the last date of realization/export, in respect of shipments for which the claim is filed.

What is difference between DEPB and Advance license?

DEPB (Duty Entitlement Pass Book) and Advance License are both export promotion schemes in India. DEPB allows exporters to claim a refund of customs duty paid on imported inputs used in the export product, while Advance License allows duty-free import of inputs for the export product. The key difference lies in the timing of duty exemption: DEPB provides a post-export benefit, while Advance License provides a pre-export benefit. Additionally, DEPB is being phased out and replaced by the Duty Drawback Scheme, while Advance License continues to be a viable option for exporters.

Why should you sell a transfer DEPb license?

The DEPB license is the Duty Entitlement Pass Book and us used for exporting. This license is sellable and many holders started selling because of new taxes on exporters.

Why should you sell or transfer DEPB license?

Because it's very cool and a jaguars size is a pig which is pink and lives down in your whole

What are the goals of export officer in banking sector?

Documents deposit for collection/negotiation/purchase against limit. You can take pre shipment finance for execution behalf of evidence. You can take post shipment finance against export proof. After remittances we can take brc for depb post export basis for incentives. To Open LC. jamil ahmad

What govt schemes are available for garment product in India?

the government is offering few scheme for garment exporter such drawback / depb (duty entitalment pass book) scheme, the rate of rebate subject to change time to time as per dgft concern and the exporter can compete the foreign market by the help of it there are many other benefit from dgft for all products including garments, the scheme are vkuy/dfrc/deec/epcg are the beneficial scheme for more details call 9702538778 or mail to indravijay_solutions@yahoo.com

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