Export of Cotton Yarn not entitled to DEPB benefit under the DEPB Rate Schedule - DGFT
DGFT observes that, “Benefit of DEPB under Sl. No. 22D of the Misc. products is available only when, Standard Input Output Norms (SION) exist for a product, but no DEPB rate has been notified. In the case of Cotton Yarn, it is not that DEPB Rate has not been notified but actually, the notified specific DEPB benefit has been suspended as per Public Notice of 21.4.10.
And so clarifies that “exports of “Cotton Yarn” is not entitled for any DEPB benefit either under entry 78 of Product Group Textiles (as was notified already on 21.4.10), or even under the residual entry at Sl. No. 22D of the Product Group “Misc. products” of the DEPB rate schedule.”
DGFT Policy Circular No.04 (RE-2010)/2009-14 , Dated: November 29, 2010