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of <h1>DEPB Rates for Pharma Exports: Standard Rounding Method Confirmed, Ensuring Fairness and Revenue Neutrality.</h1> The Directorate General of Foreign Trade addressed the issue of calculating Duty Entitlement Passbook (DEPB) rates for pharmaceutical formulations, where fractional rates often arise. The Policy Interpretation Committee confirmed that the standard rounding method should be applied: rounding down for fractions below 0.50 and rounding up for 0.50 or above. This practice is deemed revenue-neutral over time, countering concerns about potential revenue loss. The committee clarified that this rounding method should be consistently used when calculating DEPB rates for exports, ensuring uniformity and fairness in the process.
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