Inclusion of commission in the FOB value for calculation of DEPB entitlement

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Full Text of the Document

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....cy (RE-2003), 1997-2002 wherein it is mentioned that under DEPB, an exporter shall be eligible to claim credit as a percentage of FOB value of exports made in freely convertible currency. Representations have been received seeking clarification on the maximum permissible limit for payment of agency commission on exports against DEPB licences. Attention is drawn to this office policy circular No.5....