Impex Solution
404 Navjivan Building,121/127 Qazi Syed Street, Masjid (W), Mumbai
400 003
Tel. : (022) 3453838 Fax : (022) 3463838 Email : impexsolution@vsnl.net
To : Indian Registered Exporter
Sub : Application for (DEPB) Duty Entitlement
Pass Book Scrip against Exports
Dear Sirs,
The objective of Duty Entitlement Pass Book.
(DEPB) Scheme is to neutralise the incidence of basic custom duty
on the import content of the export product. The neutralisation
shall be provided by way of grant of duty credit against the export
product. The credit under the DEPB scheme is given as an incentive
to exporters. The incentive is not paid as money to the exporter
but can be used to offset his duty on future import.
1 Both Merchant and manufacturer Exporters are
eligible for DEPB Scheme
2 The Value of the passbook is not import entitlement, it is custom
duty credit
3 Any item except those appearing in the negative list of imports
shall be allowed to
import
4 DEPB Scheme is operated only is case where DEPB rate are notified
/ fixed by Ministry
of Commerce
5 DEPB credit is available on percentage of FOB Value of Exports
6 Export for which payment are not recd in freely convertible currency
DEPB is not
allowed
7 Application fee is Rs. 5/- per thousand for Duty Entitlement Credit
8 DEPB is valid for 12 months. No revalidation is allowed
9 Post Export DEPB is Transferrable & Pre Export DEPB is non
transferrable
10 No deemed Export facility allowed
11 Export is made in Blue Colour Shipping Bill
12 No Exchange Control Copy of DEPB is required as it is required
for Custom purpose
only
13 Duplicate DEPB is not issued in case of lost of original DEPB
14 Third Party Exports are also admissible for grant of credit under
DEPB
15 Credit entitllement under DEPB Schemes come to 15% or More the
amount of credit
against each such export shall not exceed 50% of the Present Market
value (PMV) of the
export product
16 Application can be made upon Consolidating all shipments of a
particular period upon
realisation of Export proceed (Max 25 Shipping Bills) single port
registration from
which export has been effected
17 Since there is no restriction on the nature of goods to be imported
under DEPB Scheme,
goods which are being imported can be cleared under DEPB and the
exemption of 4%
Special Additional Duty of Customs can be availed.
18 The exports made under the DEPB Scheme shall not be entitled
for drawback. The
additional customs duty paid in cash on inputs under DEPB shall
be adjusted as
CENVAT Credit or Duty Drawback as per Rules framed by the Deptt.
of Revenue.
However, where the Additional Customs Duty is adjusted from DEPB,
no
benefit of CENVAT/ Drawback shall be admissible.
19 Time limit for filing post-export DEPB claim is being raised
from 90 days to 180 days.
20 Limit of shipping bills per application for
post-export DEPB is being raised from 10
to 25.
Required Details
| 1. |
Original Bank Certificate Form
No.1 |
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| 2. |
Original Bank Attested Invoice |
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| 3. |
Original Export Promotion Copy
of Shipping Bill (Blue Colour) |
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| 4. |
Original DEPB Promotion Copy
of Shipping Bill (Blue Colour) |
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| 5. |
Original Custom Attested Invoice |
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| 6. |
Original Custom Attested Packinglist |
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| 7. |
Original Annexure D if EDI
S/B |
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| 8. |
Two Self Certified Xerox Copies
of Manually signed "Shipped On Board" Non Negotiable
B/L or AWB |
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| 9. |
Two Self Certified Xerox Copies
of Test Report |
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| 10. |
Two Self Certified Xerox Copies
of Short Shipment Certificate |
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| 11. |
Two Self Certified Xerox Copies
of Registration cum Membership Certificate |
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| 12. |
Two Self Certified Xerox copies
of Mate Receipt |
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| 13. |
Two Self Certified Xerox Copies
of Importer-Exporter Code No. |
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| 14. |
Two Self Certified Xerox Copies
of DEPB Enrollment No. |
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| 15. |
Two Self Certified Xerox Copies
of Pan No. |
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| 16. |
10 (Ten) big size letterheads
Duly signed by Prop/Partner/Director with Designation stamp
on right side base corner. |
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| 17. |
Signature of the (Prop/Partner/Director) |
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Name of Signatory |
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Designation |
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Full Residential Address |
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| 18. |
Directors Rubber Stamp |
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| 19. |
Cash for Challan for Rs. |
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| 20. |
Service Charges |
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| A |
Issuance of Licence |
2% of CIF Value |
| B |
Verification Charges |
Rs.900 Per Shipping Bill |
| C |
Cost Per GRA is |
Rs. 750/- |
| D |
Cost Per EGM is |
Rs. 750/- |
| E |
Cost for final Assessment is
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Rs. 750/- Per Shipping Bill |
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If you have any queries, please feel free to
call or fax us.
Thanking you,
Yours faithfully,
Impex Solution
Partner (BHARAT PAREKH)
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