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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>New Circular Limits DEPB Credit to 50% of Market Value for High-Rate Exports; Apply Within 90 Days of Shipping.</h1> The circular issued by the Director General of Foreign Trade outlines the credit rates under the Duty Entitlement Passbook (DEPB) scheme for approximately 600 export items. The document specifies that for products with a DEPB credit rate of 15% or more, the credit cannot exceed 50% of the Present Market Value (PMV) of the export product. Exporters can ship products in anticipation of credit rates, provided they apply for DEPB within 90 days of export or 60 days from the notification of the credit rate. The notice includes a detailed list of items with corresponding credit rates.
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