Is the 4% additional duty payable under DEPB?
The 4% additional duty has caused considerable confusion – There is no 4% additional duty if the product is exempted from BCD and CVD. Now is DEPB an exemption? Yesterday DDT had promised to bring you an article on this. Our experts analyse the whole issue and conclude that no 4% additional duty is payable in case of DEPB debits. See details in our special today.