Press Information Bureau

Government of India

Ministry of Commerce & Industry

19-March-2012 16:52 IST

DEPB Scheme

Government has withdrawn DEPB Scheme with effect from 1.10.2011. It was decided that revised duty drawback rates are extended to items which were in the DEPB Scheme. The Duty Drawback Scheme, which was announced for the year 2011-12 on 20.9.2011 (effective from 1.10.2011) has 1096 new items. The Scheme was earlier extended for a further period of 3 months from 30.6.2011, i.e., upto 30.9.2011 so as to facilitate a smooth transition once the DEPB Scheme is phased out. Government has received requests from various industries for extension of DEPB Scheme. The decision to phase out DEPB has not been reconsidered.

This information was given by Minister of State for Commerce and Industry, Shri Jyotiraditya M. Scindia in a written reply to a question raised in Lok Sabha today.

DS/GK

DEPB scheme withdrawal prompts extension of duty drawback coverage to former DEPB items; phase-out decision maintained. Withdrawal of the DEPB Scheme effective 1 October 2011, with the Government deciding not to reconsider the phase-out; revised Duty Drawback provisions effective the same date were extended to cover items formerly eligible under DEPB to provide continuity of export incentive coverage during the transition.