B.

Duty Entitlement Pass Book

(DEPB) Scheme

• It is an export incentive scheme of India

government provided to exporters in India

• It is issued after export, at a predetermined credit

on the FOB value.

• Thus the exporter is eligible to claim credit as a

specified percentage of value of exported product.

• The credit amount is entitled only to be adjusted to

the amount to be paid as customs duty.
• Under this scheme an exporter may apply for
credit as specified percentage of FOB value of
export.

• The items imported against it are freely

transferable.

• The exports under the DEPB Scheme shall not be

entitled for drawback, however the additional
customs duty paid in cash or through debit under
DEPB shall be adjusted as CENVAT credit duty /
duty drawbacks.