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

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.... India Ministry of Finance Department of 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 expor....

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.... the export product.  Under the Scheme, the exporter first uses duty paid inputs in the manufacture 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 impor....