DEPB General Instructions New General Instructions for DEPB Rates The rates of DEPB specified in book shall not be applicable to export of a commodity of product if such commodity or product is:- Manufactured partly or wholly in a warehouse under Section 65 of the Customs Act, 1962 (52 of 1962); Manufacture and/or exported in discharge of export obligation against an Advance Autorisation including Advance Authorisation for Annual Requirement or exported under DFIA Scheme of the relevant Foreign Trade Policy; Manufacture and/or exported by a unit licenced as 100% Export Oriented Unit in terms of the provisions of the relevant Foreign Trade Policy; Manufactured and /or exported by any of the units situated in Free Trade Zones/Export Processing Zone/Special Economic Zones/EHTP Scheme; Exports of goods of foreign origin, unless the goods have been manufactured or processed or on which similar operations have been carried out in India; Exports made under paragraph 2.35 and 2.36 of the Foreign Trade Policy. The DEPB rate and the value cap shall be applicable as existing on the date of order of “let export” by the Customs. The value cap, wherever existing, shall be with reference to the FOB value of exports. The DEPB rates shall be applied on the FOB value or value cap whichever is lower. For example, if the FOB value is Rs.500/- per piece, and the value cap is Rs.300/- per piece, the DEPB rate shall be applied on Rs.300/-. Wherever any specific rate exists for a particular item under DEPB rate list as given in this book, the items shall not be covered under any generic description of the DEPB rate list. The DEPB rate aims to neutralize the incidence of duty on the inputs used in the export product. Therefore, the DEPB rates, as given in this book refer to normally tradable/exportable product. Items such as Gold Nibs, Gold Pen, Gold watches etc. though covered under the generic description of writing instructions, components of writing instruments and watches are thus not eligible for benefit under the DEPB scheme. The DEPB rates given for various galvanized Engineering product shall cover non galvanised products and vice-a-versa. The DEPB rate given for various types of garments do not cover Silk as well as Woolen garments unless specifically mentioned in the DEPB description. Portable product at S.No.239, 240,241,242,243 and 286 of Product Group: Engineering (Product Code 61) exported in the form of incomplete CKD/SKD Kit, but consisting of (i) Engine (ii) Chassis (iii) Gear Box (iv) Transmission Assembly system (v) Axle (Front & Rear) and (vi) Suspension System or Body/Cab or both, shall be treated at par with complete CKD/SKD Kit for the purpose of relevant DEPB benefits. The DEPB rate for formulation consisting of more than one bulk drug would be calculated as per provisions of Policy Circular No.20 dated 31st July, 2000. Wherever the export of resultant product in completely built form is allowed under DEPB, the CKD/SKD export of such product shall also be allowed under DEPB. DEPB benefit would also be admissible on the export of composite product including assembled product having more than one constituent items for which DEPB rates are individually fixed. In such cases, the DEPB entitlement would be restricted to the lowest of the rate applicable to the constituent items, ignoring the rate of the constituent item(s) having weight less than 5% of the total net weight of such product. However, no DEPB benefit would be admissible on the exportof such product, if constituent item(s) is weighing more than 5% of the total net weight (of the product) and does not have any DEPB rate fixed.The exporters shall declare in the shipping bill the following details also for claiming DEPB benefit on the export of such product: Description of the composite product including the assembled product, alongwith its total net weight. Description of all the constitute item(s) of such products which attract a DEPB rate with their respective DEPB Nos. and their credit rate alongwith total weight of such constituent (s). Description and combined total weight of those constituent item(s) which have no DEPB rate in the schedule.(Explanatory Note) : In case (iii) above is more than 5% of total weight given in (i), no DEPB on the composite product would be admissible. 12. DEPB benefit would be available on the export of products having extraneous material upto 5% by weight. In such cases, extraneous material upto 5% shall be ignored and the DEPB rate as notified for that export product shall be allowed.
Get Sample Now Which service(s) are you interested in? Export Data Import Data Both Buyers Suppliers Both OR Exim Help + Exim News Date: 01-12-2022 Sensex rises! These stocks rallied over 15% on BSE in today's trade Date: 01-12-2022 Sensex rises! But these stocks are down 5% or more on BSE Date: 01-12-2022 Sensex rises! But these stocks are down 5% or more on BSE Date: 30-11-2022 Stock market update: Nifty Bank index advances 0.02% in an upbeat market Date: 30-11-2022 Stock market update: Nifty Realty index advances 0.91% in a weak market Date: 26-11-2022 States demand more funds in pre-Budget meeting with Nirmala Sitharaman Date: 26-11-2022 States demand more funds in pre-Budget meeting with Nirmala Sitharaman Date: 26-11-2022 India’s foreign exchange reserves rise for a second week, pace eases Date: 26-11-2022 India's foreign exchange reserves rise for a second straight week Date: 26-11-2022 How India’s high import duties are playing spoilsport for Make in India What is New? Date: 29-11-2022 No.98 /2022-Customs (N.T.) Amendment of notification no. 47/2022–Customs (N.T.), dated the 31st May, 2022 Date: 29-11-2022 NOTIFICATION No. 99/2022-Customs (N.T.) Amendment of notification number 48/2022-Customs (N.T.) dated the 31st May, 2022 Date: 25-11-2022 NOTIFICATION No. 61/2022-Customs Seeks to amend certain specific FTA/PTA notifications. Date: 23-11-2022 NOTIFICATIONNo. 23/2022 – Central Tax Seeks to empower the Competition Commission of India to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022. Date: 23-11-2022 NOTIFICATION No. 24/2022 – Central Tax Seeks to make fourth amendment (2022) to CGST Rules with effect from 01.12.2022. Date: 18-11-2022 Notification No. 58/2022-Customs Seeks to amend Notification No. 27/2011- Customs, dated the 1st March, 2011 in order to withdrawal export duty on iron ore & steel products. Date: 18-11-2022 Notification No. 59/2022-Customs Seeks to amend Notification No. 50/2017-Customs, dated the 30th June, 2017 in order to withdrawal BCD exemption on Anthracite and PCI Coal, Coke & Semi coke and ferronickel. Date: 18-11-2022 Notification No. 60/2022-Customs Seeks to amend Notification 11/2021-Customs, dated the 1st February, 2021 in order to withdrawal AIDC exemption on Anthracite ,PCI Coal and Coking Coal. Date: 17-11-2022 Notification No. 97 /2022 - Customs (N.T.) Seeks to giv exemption from BCD for the motor car if imported by the Governor of the state . Date: 17-11-2022 Notification No. 57/2022-Customs Seeks to giv exemption from BCD for the motor car if imported by the Governor of the state .
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