Present Market Value limit under DEPB: earlier shipments allowed DEPB benefit if exporter gives declaration and indemnity. Export entitlement under the DEPB scheme is limited so that, for export products attracting higher credit rates, the DEPB credit shall not exceed fifty percent of the Present Market Value (PMV) of the product, and exporters were required to declare this limitation on the shipping bill. For shipments before the declaration requirement took effect, DEPB benefits may still be granted if the exporter files a self declaration to the licensing authority that credit does not exceed the PMV cap and provides a notarised indemnity bond to refund any excess credit within thirty days of demand.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Present Market Value limit under DEPB: earlier shipments allowed DEPB benefit if exporter gives declaration and indemnity.
Export entitlement under the DEPB scheme is limited so that, for export products attracting higher credit rates, the DEPB credit shall not exceed fifty percent of the Present Market Value (PMV) of the product, and exporters were required to declare this limitation on the shipping bill. For shipments before the declaration requirement took effect, DEPB benefits may still be granted if the exporter files a self declaration to the licensing authority that credit does not exceed the PMV cap and provides a notarised indemnity bond to refund any excess credit within thirty days of demand.
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