DEPB Scheme Simplifies Export-Import with Duty-Free Imports, Replacing Previous Licensing Schemes; Procedures and Records Detailed.

The Duty Entitlement Pass-book (DEPB) Scheme, introduced in the Export and Import Policy for 1997-2002, replaces the Value Based Advance Licensing Scheme and the previous Pass-book Scheme. The DEPB allows eligible exporters to receive a Duty Entitlement Pass-book from licensing authorities, which can be used for duty-free imports, excluding goods on the EXIM Policy's Negative List. The scheme specifies procedures for provisional entitlements, port-specific imports and exports, and shipping bill requirements. Customs houses must maintain detailed records for DEPB transactions, and importers must provide evidence of entitlement set-off within 30 days post-DEPB validity. Public notices and orders will guide stakeholders.

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