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<h1>Explaining the Duty Entitlement Passbook Scheme for Exporters: Claim Credits Based on Export Values, Subject to Regulations.</h1> The circular outlines the Duty Entitlement Passbook (DEPB) Scheme, allowing exporters to claim credit based on a specified percentage of the FOB value of exports made in freely convertible currency. DEPB licenses are issued using existing import/export license forms and apply to items not on the Negative List of imports. The document details the issuance of DEPB licenses on pre-export and post-export bases, including conditions and verification by customs. It is issued under the Foreign Trade (Development and Regulation) Act, 1992, and specifies the duty credit and shipment period, ensuring compliance with applicable regulations.