Eligibility of DEPB benefit on exports in cases where the inputs have been procured under DEPB Scheme – reg

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....Revenue Sub : Eligibility of DEPB benefit on exports in cases where the inputs have been procured under DEPB Scheme - reg. Under the DEPB Scheme, the incidence of customs duty (basic) on the deemed import content of the export product is refunded to the exporters. The refund is provided by way of grant of duty credit against the export product. The credit is given at notified rates for import ....

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....re of the export product and after exports he gets the duty credit at the notified rates. Thus, instead of refund of duty in cash after exports, a scrip in the form of DEPB is issued against the export product as duty remission. The exporter is at liberty to utilize the scrip for import of raw materials, components etc. within the credit allowed in the DEPB or he may sell it to any other exporter.....