4.3
- Document type
- Policy
- Reference no.
- 00
- Dated
Duty Entitlement Passbook (DEPB) Scheme
DUTY ENTITLEMENT PASSBOOK (DEPB) SCHEME
Duty Entitlement Passbook (DEPB) Scheme
4.3
Objective of DEPB is to neutralise incidence of customs duty on import content of export product. Component of customs duty on fuel (appearing as consumable in the SION) shall also be factored in the DEPB rate. Component of Special Additional Duty shall also be allowed under DEPB (as brand rate) in case of non-availment of CENVAT credit. Neutralisation shall be provided by way of grant of duty credit against export product.