https://www.taxtmi.com/caselaws?id=50801 DEPB entries are to be construed as incentive provisions and not as strict tariff classifications. Viscose rayon thread exported as two-ply twisted yarn for embroidery was treated as substantially covered by the DEPB entry for viscose yarn, because the scheme was intended to neutralise the incidence of basic customs duty on the import content of the export product. The absence of a separate thread entry did not justify denial of credit on a narrow classification approach. The DEPB benefit was therefore allowable and the denial of credit and penalty were unsustainable. en-us Wed, 08 Aug 2001 00:00:00 +0530 Wed, 08 Sep 2010 16:47:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50801 DEPB entries are to be construed as incentive provisions and not as strict tariff classifications. Viscose rayon thread exported as two-ply twisted yarn for embroidery was treated as substantially covered by the DEPB entry for viscose yarn, because the scheme was intended to neutralise the incidence of basic customs duty on the import content of the export product. The absence of a separate thread entry did not justify denial of credit on a narrow classification approach. The DEPB benefit was therefore allowable and the denial of credit and penalty were unsustainable. Case-Laws Customs Wed, 08 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50801