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What is DEPB Scheme: Export Incentives in India about?

The Duty Entitlement Pass Book (DEPB) Scheme is an export incentive program provided by the Indian government to exporters. It issues credits to exporters after export based on a percentage of the export value, which can then be used to offset customs duties on imported goods. The credits are transferable and exports under DEPB are not eligible for other duty drawback programs, though additional customs duties paid can be adjusted against other credits or drawbacks.

Author

MALAYALY

Language

EN