Rounding off of DEPB rates affirmed; nearest rounded figure must be used for export DEPB calculations. Calculation of DEPB entitlement rates for exported pharmaceutical formulations permits rounding off of fractional rates under the Policy Circular methodology: fractions below 0.50 round down, fractions 0.50 round up. The practice is regarded as standard and revenue neutral. Verifying authorities must accept the resulting rounded rate and take the nearest rounded figure when determining DEPB credits for products under the formulations schedule.
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.
Rounding off of DEPB rates affirmed; nearest rounded figure must be used for export DEPB calculations.
Calculation of DEPB entitlement rates for exported pharmaceutical formulations permits rounding off of fractional rates under the Policy Circular methodology: fractions below 0.50 round down, fractions 0.50 round up. The practice is regarded as standard and revenue neutral. Verifying authorities must accept the resulting rounded rate and take the nearest rounded figure when determining DEPB credits for products under the formulations schedule.
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