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Those who don't want to take the route of Advance License have option of Duty Entitlement Passbook Scheme. Customs duty paid on imported inputs are granted duty credit against exports. It is granted as percentage of FOB value. The Director General of Foreign Trade notifies the rates. DEPB is issued only for exports made in freely convertible currency. DEPB holder can import raw materials, component, parts, packaging material etc. It is valid for 12 months from date of issue. DEPB or goods imported against it are freely transferable. The port from where goods are to be imported shall be stated on DEPB. Additional customs duty adjusted from DEPB shall not eligible for CENVAT/drawback. Exports made under DEPB are not entitled for drawback, but additional customs duty paid in cash on inputs under DEPB is eligible for CENVAT/drawback as per rules of department of revenue.
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Why should you sell a transfer DEPb license?
The DEPB license is the Duty Entitlement Pass Book and us used for exporting. This license is sellable and many holders started selling because of new taxes on exporters.
What is the validity of depb license?
Validity of d.e.p.b. Import licence is in anyway 24 months from the date of issue of the depb. I.e., if the date of issue of depb licence is : 14-07-2010, the depb licence will expire on date: 13-07-2010. But as per the policy annonced, this d.e.p.b. Licence will expire actually on dt : 31-07-2010. In other words, any depb licence will expire on the end of the month in which the depb is issued - after 24 months. If the depb issued date is : 30-07-2010, automatically, the depb will expire on 31-07-2010. No extension will be allowed after this period. The holders have to use the depb within this period, or they have to sell the depb before this period.
Can you sale depb agt form c?
you can sale since depb is goods
Why should you sell or transfer DEPB license?
Because it's very cool and a jaguars size is a pig which is pink and lives down in your whole
What is full form of DEPB?
The full form of DEPB is Duty Entitlement Pass Book
What is DEPB code?
babjak
What is DEPB?
DEPB stands for Duty Entitlement Pass Book. It is a scheme which is offered by the Indian government to encourage exports from the country. DEPB means Duty Entitlement Pass Book to neutralise the incidence of basic and special customs duty on import content of export product. This is provided by way of grant of duty credit against the export product at specified rates. The DEPB Scheme which was notified on 1/4/1997 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. The DEPB allows import of any items except the items which are otherwise restricted for imports. Source: Government of India, Department of Commerce
What are the contents of a DEPB?
The main features of the DEPB scheme are as follows: i) An exporter can import raw materials, intermediates, components, parts, packaging material etc. except those items mentioned as restricted item for imports in ITC (HS) classifications of export and imports items. ii) DEPB benefit is available on post export basis only. The rates of import duty credit under DEPB scheme are given in the Hand Book of Procedures Vol.1. The DEPB on post export basis is granted only after the proceeds have been realized by the exporter. iii) Merchant exporter and manufacture exporter are eligible for DEPB on the post export basis. iv) The import of inputs is allowed without payment of basic customs duty and surcharge thereof as well as additional duty of customs, against the import duty credit granted under this scheme. The holder of DEPB has the option to pay additional customs duty, if any, in cash as well. v) Third party exports are also admissible for grant of credit under DEPB. vi) The DEPB shall be valid for a period of 12 months from the date of its issuance. vii) The goods already imported/shipped/arrived in advance but not cleared from customs may also be cleared against the DEPB issued subsequently. viii The DEPB on the post export basis and / or the items imported against it are freely transferable. The transfer of DEPB shall however, be for import at the port specified in the DEPB which shall be the port from where exports have been made. ix) An exporter can file application for the grant of import duty credit under DEPB scheme within a period of 180 days from the date of exports or within 90 days from the date of realization of export proceeds, whichever is later. The numbers of days are calculated from the last date of realization/export, in respect of shipments for which the claim is filed.
What is full form of DEEC and DEPB?
DEEC
You are a sez unit you also paid payment in inr to dta units can you claim depb?
No Under DEPB scheme we cannot pay in INR. THis has to be done in Foreign Currency. Regards'
How and where do you get an export license in coimbatore?
Export licence consultancy availableAnd also A to Z of Export import matters.Export - Import Services DEPB LICENCE GOODS LICENSE TRADE CONSULTANT EXPORT CODE CONSULTANT CODE CAPITAL GOODS CODE LICENCE LICENCE EXPORT LICENSE EPCG LICENC1. International Trade Terms & Transactions.2. All Export Import Licensing Formalities.3. Registration with Export Promotion Councils.4. Pre & Post Shipment documentations, Custom's ClearancesKindly contact.CONTACT B.RADHAKRISHNAN.INTERNATIONAL TRADE AND BUSINESS CONSULTANT(itbc),MOBILE. 0091-9846063506E-mail. palazhyyy@gmail.com
Can an individual obtain export license in his name and if yes what are the formalities?
Export licence consultancy availableAnd also A to Z of Export import matters.Export - Import Services DEPB LICENCE GOODS LICENSE TRADE CONSULTANT EXPORT CODE CONSULTANT CODE CAPITAL GOODS CODE LICENCE LICENCE EXPORT LICENSE EPCG LICENC1. International Trade Terms & Transactions.2. All Export Import Licensing Formalities.3. Registration with Export Promotion Councils.4. Pre & Post Shipment documentations, Custom's ClearancesKindly contact.CONTACT B.RADHAKRISHNAN.INTERNATIONAL TRADE AND BUSINESS CONSULTANT(itbc),MOBILE. 0091-9846063506E-mail. palazhyyy@gmail.com
