https://www.taxtmi.com/circulars?id=7495 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. en-us Mon, 11 Aug 1997 00:00:00 +0530 Sat, 12 Sep 2009 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=7495 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. Circulars DGFT Mon, 11 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/circulars?id=7495