4.41
- Document type
- Procedure
- Reference no.
- O
- Dated
Credit under DEPB and Present Market Value
4.41
Credit under DEPB and Present Market Value
In respect of products where rate of credit entitlement under DEPB Scheme comes to 10% or more, amount of credit against each such export product shall not exceed 50% of Present Market Value (PMV) of export product. During export, exporter shall declare on shipping bill that benefit under DEPB Scheme would not exceed 50% of PMV of export product.
However PMV declaration shall not be applicable for products for which value cap exists irrespective of DEPB rate of product.