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WHAT IS MEANIN OF DEPB LICENCE UNDER IMPORT & EXPORT
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Duty Entitlement Pass Book in short it is an export
incentive scheme, the DEPB Scheme consisted of (a) Post-
export DEPB and (b) Pre-export DEPB. The pre-export DEPB
scheme was abolished w.e.f. 1/4/2000. Under the post-export
DEPB, which is issued after exports, the exporter is given
a duty entitlement Pass Book at a pre-determined credit on
the FOB value.
| Is This Answer Correct ? | 94 Yes | 15 No |
Depb license like a Export incentive recd from DGFT to all
exporter under his category of manufacturing goods.
exporter are reedem cash from DEPB license in Open market
to importer. imporeter use these license as a import duty
against import of goods.
| Is This Answer Correct ? | 6 Yes | 1 No |
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