Duty Entitlement Passbook Scheme (DEPB) is an export incentive scheme implemented by the Indian Government to the exporters of the country. The scheme refunds duties that are paid by the exporters in the form of credit.

What are various special schemed for importers?

Under Export Promotion Capital Goods (EPCG) scheme, a license holder can import capital goods such as plant, machinery, equipment, components and spare parts of the machinery at concessional rate of customs duty of 5% and without CVD and special duty.

What is Deec scheme?

DEEC (Duty Exemption Entitlement Certificate) is an Export Promotion Scheme, which enables duty free import of inputs required for manufacture of export goods. Advance Licences are issued on pre-export or post-export basis and are subject to fulfillment of time bound export obligation.

What is the full form of DEPB?

Duty Entitlement Pass Book Scheme (DEPB) Duty Entitlement Pass Book Scheme in short DEPB is an export incentive scheme. 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.

What is the role of ECGC?

ECGC provides (i) a range of insurance covers to Indian exporters against the risk of non – realization of export proceeds due to commercial or political risks (ii) different types of credit insurance covers to banks and other financial institutions to enable them to extend credit facilities to exporters and (iii) …

What is the another name of EXIM policy?

The foreign trade policy (FTP) also known as EXIM (export-import) policy is regulated by the Foreign Trade Development and Regulation Act, 1992. The main governing body in the matters concerning the EXIM policy is DGFT (Directorate General of Foreign Trade).

What is ANF 4f?

Application for Redemption / No Bond Certificate against Advance Authorisation.

What are the entitlements for export under DEPB?

The exports made to the following Special Economic Zones (SEZ) are also entitled to DEPB. In respect of products where rate of credit entitlement under DEPB Scheme comes to 10% or more, amount of credit against each such export product shall not exceed 50% of Present Market Value (PMV) of export product.

Which is an example of the benefit of DEPB?

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 benefit of DEPB schemes is available on the export products having extraneous material up to 5% by weight.

What is the rate of entitlement under DEPB?

In respect of products where rate of credit entitlement under DEPB Scheme comes to 10% or more, amount of credit against each such export product shall not exceed 50% of Present Market Value (PMV) of export product. During export, exporter shall declare on shipping bill that benefit under DEPB Scheme would not exceed 50% of PMV of export product.

Are there any items that are not eligible for DEPB?

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.