DEPB rate amendments update export product classifications and require Export Promotion Council verification before rate fixation. Amendments revise Appendix 28A entries to update DEPB rates and value-cap methodology for listed chemical products and amend textile and engineering product descriptions; units granted customs/excise duty exemptions remain subject to notification conditions with recovery of duties/interest under Customs and Central Excise law and possible government directions for failure to meet Net Foreign Exchange or export obligations; Appendix 32B heading is amended for certification agencies, and DEPB-rate fixation applications must be routed through Export Promotion Councils with verification of FOB values and input prices and meet the prescribed export-value threshold.
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DEPB rate amendments update export product classifications and require Export Promotion Council verification before rate fixation.
Amendments revise Appendix 28A entries to update DEPB rates and value-cap methodology for listed chemical products and amend textile and engineering product descriptions; units granted customs/excise duty exemptions remain subject to notification conditions with recovery of duties/interest under Customs and Central Excise law and possible government directions for failure to meet Net Foreign Exchange or export obligations; Appendix 32B heading is amended for certification agencies, and DEPB-rate fixation applications must be routed through Export Promotion Councils with verification of FOB values and input prices and meet the prescribed export-value threshold.
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