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Clock ticking for exporters-DEPB withdrawal CAUSE and Effect of DEPB withdrawal DEPB stands for Duty Entitlement Pass Book. It is a scheme which is offered by the Indian government to encourage exports from the country. Under the scheme exporters receive duty-free entitlements, which they can use to pay import duties. The entitlements are based on the value of goods exported. The government fixes the rate of the incentive. Exporters are also allowed to claim credit for the excise duty they pay on these domestic inputs. The scheme which was supposed to expire on June 30 is a 14-year-old one and has been applicable since June 1997. Under the DEPB scheme, the incidence of customs duty on impor...
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