DEPB amendments set a 5% rate for ceiling fans and raise the export value cap for vee belts. The Director General of Foreign Trade amends the Schedule of DEPB rates: for Engineering (Product Code 61) the DEPB entry for complete ceiling fans with metal blades is set at 5% with a value cap of Rs.600 per piece; and for Chemicals (Product Code 62) the value cap for Vee/Fan Belts reinforced with manmade textile cord / Vee Belts with KEVLAR is revised to Rs.180 per kilogram, issued under powers in the Foreign Trade Policy and Handbook of Procedures.
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DEPB amendments set a 5% rate for ceiling fans and raise the export value cap for vee belts.
The Director General of Foreign Trade amends the Schedule of DEPB rates: for Engineering (Product Code 61) the DEPB entry for complete ceiling fans with metal blades is set at 5% with a value cap of Rs.600 per piece; and for Chemicals (Product Code 62) the value cap for Vee/Fan Belts reinforced with manmade textile cord / Vee Belts with KEVLAR is revised to Rs.180 per kilogram, issued under powers in the Foreign Trade Policy and Handbook of Procedures.
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