DEPB credit cap: benefits limited to half of Present Market Value for high rate items; application timing rules apply. The Director General of Foreign Trade notifies DEPB credit rates for numerous export products as part of Appendix 28A. Where a product's DEPB rate is 15% or more, the credit per export is capped at 50% of the Present Market Value and exporters must declare this limit on the shipping bill. Export in anticipation of a notified rate is permitted for products covered by Standard Input Output Norms, with DEPB issuance allowed if application is made within 90 days of export or 60 days from rate notification, whichever is later, at exporter's risk.
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.
DEPB credit cap: benefits limited to half of Present Market Value for high rate items; application timing rules apply.
The Director General of Foreign Trade notifies DEPB credit rates for numerous export products as part of Appendix 28A. Where a product's DEPB rate is 15% or more, the credit per export is capped at 50% of the Present Market Value and exporters must declare this limit on the shipping bill. Export in anticipation of a notified rate is permitted for products covered by Standard Input Output Norms, with DEPB issuance allowed if application is made within 90 days of export or 60 days from rate notification, whichever is later, at exporter's risk.
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