Duty Entitlement Passbook Scheme.ppt

7/25/2019 Duty Entitlement Passbook Scheme.ppt

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IntroductionDuty Entitlement Pass Book Scheme in short DEPB is an

export incentive scheme. Notifed on 1//1!!"# the DEPBScheme consisted o$ %a& Post'export DEPB and %(& Pre'export DEPB. )he pre'export DEPB scheme *as a(olished

*.e.$. 1//+,,,.-nder the post'export DEPB# *hich is issued a$ter exports#

the exporter is iven a duty entitlement Pass Book Schemeat a pre'determined credit on the 0B value.

)he DEPB rates are allo*s import o$ any items except the

items *hich are other*ise restricted $or imports. Items suchas old Ni(s# old Pen# old *atches etc. thouh coveredunder the eneric description o$ *ritin instruments#components o$ *ritin instruments and *atches are thusnot elii(le $or (eneft under the DEPB scheme.


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2ont3..)he DEPB 4ates are applied on the (asis o$

0B value or value cap *hichever is lo*er.

or example I$ the 0B value is 4s.",,/' per piece#

and the value cap is 4s.5,,/' per piece# theDEPB rate shall (e applied on 4s.5,,/'


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(eneft o$ DEPB schemesIt is availa(le on the export products havin

extraneous material up to 56 (y *eiht. Insuch cases# extraneous material up to 56shall (e inored and the DEPB rate as notifed$or that export product is (e allo*ed.


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4evie* o$ DEPB 4ates 7)he overnment o$ India revie* the DEPB

rates a$ter ettin the appropriate a exportimport data on 0B value o$ exports and 2Ivalue o$ inputs used in the export product.Such data and in$ormation is usually o(tained$rom the concerned Export Promotion2ouncils.


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Implementation o$ the DEPB

4atesSome additional $acilities as listed (elo* have (een

provided $or (etter implementation o$ the DEPB 4ates 7

DEPB rates rationali8ed to account $or the chanes in

2ustoms duties.2aps fxed on certain items (ut there *ould (e no

verifcation o$ Present 9arket :alue %P9:& on suchitems.

; num(er o$ ports have (een added $or availin$acilities under the Duty Exemption Scheme# includinDEPB.

)he threshold limit o$ 4s. +,, million $or fxin ne*DEPB rates removed.


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Provisional DEPB 4ate 7)he main o(


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9aintenance o$ 4ecord 7It is necessary $or 2ustom =ouse at ports to

maintain a separate record o$ details o$exports made under DEPB Schemes


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Port o$ 4eistration)he exports/imports made $rom the specifed

ports iven shall (e entitled $or DEPB.Sea Ports 7 9um(ai# >olkata# 2ochin# Daheakinada# >andla# 9analore# 9armaoa#9undra# 2hennai# )uticorin :ishakhapatnam#Surat %9adalla Naapattinam# 0kha #Dharamtar and ?amnaar.;irports 7 ;hmeda(ad# Banalore# Bhu(anesh*ar

9um(ai# >olkata 2oim(atore ;ir 2aro 2omplex#2ochin# Delhi# =ydera(ad# ?aipur# Srinaar#)rivandrum# :aranasi# Napur and 2hennai.SE@ 7 Santacru8# >andla# >ochi#

:ishakhapatnam##


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2ont3..I2Ds 7 ;ra# ;hmeda(ad# Banalore# Bhi*adi#

2oim(atore# Daulata(ad# %Aananpur# >ota# udhiana#

9adurai and the land 2ustoms station at 4anahat9allanpur# 9orada(ad# 9eerut Napur# Nasik# auhati%;minaon Pimpri %Pune Pitampur %Indoreudrapur %Nainital Salem Sinanalur# Surat# )irupur#-daipur# :adodara# :aranasi# Aalu


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2redit under DEPB and

Present 9arket :alue 7

In respect o$ products *here rate o$ creditentitlement under DEPB Scheme comes to1,6 or more# amount o$ credit aainst eachsuch export product shall not exceed 5,6 o$Present 9arket :alue %P9:& o$ export product.Durin export# exporter shall declare onshippin (ill that (eneft under DEPB Scheme*ould not exceed 5,6 o$ P9: o$ exportproduct.


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-tili8ation o$ DEPBcredit 72redit iven under DEPB Schemes is utili8ed

$or payment o$ Indian customs duty includincapital oods# *hich are $ree to import.


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4e'export o$ oods imported

under DEPB SchemeIn case o$ return o$ any exported oods# *hich has (een

$ound de$ective or unft $or use may (e aain exportedaccordin to the exim uidelines as mentioned (y theDepartment o$ 4evenue.

In such cases !C6 o$ the credit amount de(ited aainstDEPB $or the export o$ such oods is enerated (y theconcerned 2ommissioner o$ 2ustoms in the $orm o$ a2ertifcate# containin the amount enerated and the detailso$ the oriinal DEPB. 0n the (asis o$ certifcate# a $resh DEPB

is issued (y the concerned D) 4eional ;uthority.It is important to note that the issued DEPB have the sameport o$ reistration and shall (e valid $or a period euivalentto the (alance period availa(le on the date o$ import o$ suchde$ective/unft oods.

Documents

Duty Entitlement Passbook Scheme.ppt