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of <h1>Counter Trade Exports with US Dollar Escrow Accounts Eligible for DEPB Benefits per Policy Circular No. 45 (RE-98)/98-99.</h1> Exports conducted under counter trade agreements and with proceeds realized through 'Escrow Accounts' in US dollars are eligible for DEPB benefits, as clarified in Policy Circular No. 45 (RE-98)/98-99 dated 15th October 1998. This clarification modifies an earlier statement from June 1998, following consultations with the Ministry of Commerce and the Reserve Bank of India. The decision has been approved by the Directorate General of Foreign Trade (DGFT).
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