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of <h1>DGFT Clarifies DEPB Rate Calculation: Use Finance Ministry's Rate on 'Let Export' Date Despite Exchange Rate Fluctuations.</h1> The Directorate General of Foreign Trade issued a policy circular addressing the computation of the Duty Entitlement Passbook (DEPB) rate when the exchange rate on the 'let export' date exceeds the actual realization rate. As per the Handbook of Procedures, the exchange rate notified by the Ministry of Finance on the 'let export' date is used for converting foreign currency receipts into rupees for DEPB credit computation. Despite fluctuations in exchange rates, the Ministry of Finance's notified rate will be consistently applied. This decision aims for uniformity and has been communicated to all regional licensing authorities for implementation.
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