Entitlement of DEPB prior to withdrawing the benefit under the Scheme

By Vijay Kumar

By Public Notice No. 130 dated 27.3.2008 (as amended from time to time), PN No. 137 dated 3.4.2008 DEPB Benefits were withdrawn against export of primary steel items, Cement and Rice with immediate effect. Clarification was sought by Trade and Industry and the Regional Authorities of DGFT as to whether exports prior to the date of withdrawal / suspension of DEPB benefits against the export products would also be denied the benefit of DEPB Scheme.

DGFT clarifies that exports made prior to the date of withdrawal / suspension of DEPB Rates for specific products shall be entitled for DEPB benefit at the rate prevalent on the date of shipment / export.

POLICY CIRCULAR NO. 4 /( RE-08)/2004-2009 Dated: April 24, 2008