DEPB benefit eligibility confirmed for exports using inputs acquired under DEPB, allowing duty credit entitlement. The DEPB Scheme is a post-export duty remission mechanism issuing transferable duty credit scrips that neutralize deemed import duty on exported goods. Inputs imported against DEPB and the scrips themselves are freely transferable. Exporters who source inputs via DEPB, or purchase DEPB scrips or inputs imported under DEPB, remain eligible to claim DEPB benefits on their exports. A previous contrary instruction is withdrawn.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
DEPB benefit eligibility confirmed for exports using inputs acquired under DEPB, allowing duty credit entitlement.
The DEPB Scheme is a post-export duty remission mechanism issuing transferable duty credit scrips that neutralize deemed import duty on exported goods. Inputs imported against DEPB and the scrips themselves are freely transferable. Exporters who source inputs via DEPB, or purchase DEPB scrips or inputs imported under DEPB, remain eligible to claim DEPB benefits on their exports. A previous contrary instruction is withdrawn.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
