Export of Excisable Goods under Duty Drawback (DBK) or DEPB

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....reof. · Duty drawback is applicable only on production inputs i.e. refund of duty of excise paid on production units (components, raw-materials, parts, packing materials etc.) used in export products and not refund of duty paid on finished (export) products. · The amount or rate of drawback is specified under rule 3 or revised under rule 4 of drawback rules, as the case may be. · Drawback r....

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....· If the sale proceeds are not realised within the time period permitted by RBI, the drawback paid to the exporter is recoverable. It can be repaid to the exporter if sale proceeds are realised after recovery. Duty Entitlement Pass Book Scheme (DEPB scheme) Under this scheme the exporter gets credit when he exports the goods on the basis of rates prescribed. When the assessee imports any goods,....

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....rrevocable letter of credit. · The scheme is available to both manufacturer exporters as well as merchant exporters. DEPB has to be registered with customs house. · If DEPB credit is insufficient, excess amount of duty can be paid in cash. Two separate entries in Bill of Entry should be made. · Export under this scheme will be under a blue coloured shipping bill so that customs authorities c....