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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>DEPB Rates for Marine Exports Increased to 10% for April-November 1998; Verification and Indemnity Bond Required.</h1> The circular from the Directorate General of Foreign Trade addresses the grant of Duty Entitlement Passbook (DEPB) rates for marine products listed under S.No.3 of Fish and Fish products for exports made between April 15, 1998, and November 10, 1998. It acknowledges the increase in DEPB rates from 8% to 10% as per Public Notice No. 55 dated November 11, 1998. Exporters must declare that their products were sourced from aquaculture farms, specifying locations. The licensing authority will verify 10% of these declarations randomly after DEPB issuance. Incorrect declarations require DEPB return with 24% interest. An indemnity bond is also required.
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