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of <h1>DGFT Updates DEPB Rates to Adjust Duty on Export Inputs; Exclusions for Bonded Warehouses and Special Economic Zones Apply.</h1> The Director General of Foreign Trade (DGFT) issued a public notice amending the Duty Entitlement Passbook (DEPB) rates for various export items. These adjustments aim to neutralize the duty incidence on inputs used in export products. Specific exclusions apply, such as goods manufactured in bonded warehouses, exports under certain licenses, and items manufactured in special economic zones. The DEPB rates apply to the Free on Board (FOB) value or a specified value cap, whichever is lower. The notice includes detailed DEPB rates for a wide range of products across different sectors, such as engineering, chemicals, textiles, and more.
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