Goods imported under Depb scheme
Guest
Dear Sir, Please explain in detail about goods imported under Depb scheme and which all duties such Basic custom duty, Cvd and any other duties pls explain pls give any reference regarding this, thanks and regards
DEPB scheme cessation bars use for imports, removing available duty benefits under that export promotion mechanism. The DEPB scheme has been discontinued and goods cannot be imported under that scheme; consequently DEPB benefits cannot be invoked and Basic Customs Duty, Countervailing Duty and other import duties must be determined under the prevailing customs law without reference to DEPB concessions. (AI Summary)
TaxTMI