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Impex Solution
404,Navjivan Bldg, 121/127 Kazi Syed St,Masjid (W), Mumbai - 400 003,India
Tel : 2345 38 38 & 2346 38 38 Fax : 91 22 2345 3737 M : 9820034262
Web : impexsolution.com
Email : impexsolution@vsnl.net
impexsolution@yahoo.com

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  
     
2. Original Bank Attested Invoice  
     
3. Original Export Promotion Copy of Shipping Bill (Blue Colour)  
     
4. Original DEPB Promotion Copy of Shipping Bill (Blue Colour)  
     
5. Original Custom Attested Invoice  
     
6. Original Custom Attested Packinglist  
     
7. Original Annexure D if EDI S/B  
     
8. Two Self Certified Copies of Manually signed "Shipped On Board" Non Negotiable B/L or AWB  
     
9. Two Self Certified Copies of Test Report  
     
10. Two Self Certified Copies of Short Shipment Certificate  
     
11. Two Self Certified Copies of Registration cum Membership Certificate  
     
12. Two Self Certified copies of Mate Receipt  
     
13. Two Self Certified Copies of Importer-Exporter Code No.  
     
14. Two Self Certified Copies of DEPB Enrollment No.  
     
15. Two Self Certified Copies of Pan No.  
     
16. 10 (Ten) big size letterheads Duly signed by Prop/Partner/Director with Designation stamp on right side base corner.  
     
17. Signature of the (Prop/Partner/Director)  
  Name of Signatory  
  Designation  
  Full Residential Address  
     
18. Directors Rubber Stamp  
     
19. Cash for Challan for Rs.  
     
20. Service Charges  
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 Rs. 750/- Per Shipping Bill
     

If you have any queries, please feel free to call or fax us.

Thanking you,

Yours faithfully,

Impex Solution

 

Partner (BHARAT PAREKH)