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of <h1>DEPB Rate Clarification: Value Caps on Bulk Drugs Not Applicable to Chemical Formulations with Multiple Drugs.</h1> The circular from the Directorate General of Foreign Trade addresses the Duty Entitlement Pass Book (DEPB) rates for chemical formulations containing multiple bulk drugs, clarifying that value caps imposed on bulk drugs do not apply to such formulations. It specifies that for formulations with only non-specified drugs, DEPB credit is granted as per the rate at S.No.40, while for those with only specified drugs, it follows note (b) at Sl.No.37. The circular responds to concerns about Customs averaging DEPB rates for non-specified drugs and confirms the non-applicability of value caps on chemical formulations.
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