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Public Notice No. 130 dated 27.3.2008 and Public Notice No. 137 dated 3.4.2008 have been issued to withdraw the benefit of DEPB with immediate effect.
All the exporters were under dilemma over the entitlement of DEPB against the export made prior to date of these public notices.
Now, DGFT clarifies as follows:
"Exports made prior to the date of withdrawal / suspension of DEPB Rates for specific products shall be entitled for DEPB benefit at the rate prevalent on the date of shipment / export."
See - Policy Circular No. 4 (RE-08)/2004-2009 dated 24-4-2008
Entitlement to DEPB confirmed for exports made before withdrawal, using the DEPB rate prevailing on shipment date. Exports shipped prior to the date of withdrawal or suspension shall receive DEPB benefit at the rate prevailing on the date of shipment, so exports made before issuance of withdrawal notices remain eligible for DEPB.Press 'Enter' after typing page number.