Entitlement of metal pass holder to travel in iac class for self and for family to travel in 2ac class amendment to schedulei duty pass of railway servants pass rules. One of the most favoured duty reimbursement schemes among exporters the duty entitlement passbook depb scheme is likely to be. Duty entitlement passbook depb scheme likely to be scrapped in. Till now you might have got some idea about the acronym, abbreviation or meaning of depb. The scheme refunds duties paid by the exporters in the form of credit. A document formerly issued to a black person in south africa and used to enforce certain legal and economic restrictions under the apartheid system.
In addition depb is issued postexport as a script mentioning the duty amount that can. Depb rate duty entitlement passbook scheme dgft depb. The worlds most comprehensive professionally edited abbreviations and acronyms database all trademarksservice marks referenced on this site are properties of their respective owners. It came into existence on 01041997, then it had both preexport and postexport depb. The definition of depb is given above so check it out related information. Typically, entitlements are laws based on concepts of principle rights which are themselves based in concepts of. Depb scheme present market value pmv of export goods. This page is about the meanings of the acronymabbreviationshorthand depb in the governmental field in general and in the military terminology in particular. Jan 24, 2008 depb stands for duty entitlement pass book. Duty entitlement pass book in short depb is basically an export incentive scheme. It is one of the best place for finding expanded names. Depb duty entitlement pass book scheme is an export incentive scheme provided in import and export policy.
Accounting and auditing practices volume 20 query no. They are entitled to claim the benefit of duty entitlement pass book depb for. Browse the list of 36 entitlement acronyms and abbreviations with their meanings and definitions. Goods exported under advance licence dfrc depb may be reimported in the same. Under the postexport depb, which is issued after exports, the exporter is given a duty entitlement pass book at a predetermined credit on the fob value. Entitlements of passesptos indian railway employee.
Depb duty entitlement pass book in short depb is basically an export incentive scheme. Information to maximize depb rate for your export products. The objective of depb scheme is to neutralize the incidence of basic custom duty on the import content of the exported products. Duty exemption scheme,advance authorization,dfia,duty. The cbr has made steep reduction of over 50% in the duty drawback rates on the export of 11 major textile products including blended fabrics from february 18, 2003 sources said that the cbr would also slash duty drawback rates of other textile items in the coming days to revamp the duty structure. Procedure for the procurement from the domestic tariff area.
Advance licence is issued for duty free import of inputs, as defined in paragraph 7. Depb duty entitlement pass book is an export incentive scheme of indian government. Deps is defined as duty entitlement passbook scheme somewhat frequently. Duty entitlement passbook scheme is an export encouragement scheme instituted by the government of india to the indian exporters in the year 1997. Department of prospective studies and statistics deps.
Duty entitlement passbook scheme depb is an export incentive scheme implemented by the indian government to the exporters of the country. An entitlement is a guarantee of access to benefits based on established rights or by legislation. Section 28iiid provides that any profit on transfer of the duty entitlement pass book scheme, being the duty remission scheme under the export and import policy formulated and announced under section 5 of the foreign trade development and regulation act, 1992 22 of 1992 shall be chargeable to incometax under the head profits and gains of business or. Aug 12, 2010 railway servants pass rules,1986 1993 edition duty pass i. Depb duty entitlement passbook scheme indiafilings. The list of acronyms and abbreviations related to depb duty entitlement pass book. Duty entitlement pass book scheme depb is an export incentive scheme. Depb rates updated, latest duty entitlement passbook scheme for export goods, indian export incentive scheme of dgft. Depb rates export incentives by indian government, used to saved customs duty when import the goods. An importer is one who imports the goods and is covered by the definition of. The duty exemption scheme enables duty free import of inputs required for export production. Advance licence is issued for duty free import of inputs, as defined in. Pass rules kinds of passes entitlement for passes and. The duties are designed to offset five local and national subsidies and incentives.
It is issued after export, at a predetermined credit on the fob value. Duty exemption entitlement certificate listed as deec. Duty entitlement passbook scheme how is duty entitlement passbook scheme abbreviated. Duty cycle definition of duty cycle by medical dictionary. Book traversal links for entitlements of passesptos pass. Duty exemption entitlement certificate how is duty. Free online search new depb rates by product group no or descriptions. Jul 28, 2010 duty entitlement pass book in short it is an export incentive scheme, the depb scheme consisted of a post export depb and b preexport depb. Dod department of defense enterprise portal service. The objective of the scheme is to neutralize the incidence of basic custom duty on the import content of the exported products. The depb rate and the value cap shall be applicable as existing on the date of order of let. Duty call definition of duty call by the free dictionary.
Dec 30, 2016 what is depb duty entitlement pass book scheme. What is the abbreviation for duty entitlement pass book. A public limited company is engaged in the manufacture and sale of consumer and industrial products. Visit to know long meaning of depb acronym and abbreviations. Mar 10, 2004 depb duty entitlement pass book scheme is an export incentive scheme provided in import and export policy. Duty entitlement pass book depb duty entitlement pass book is a part of duty remission scheme of indian government provided to exporters in india. It came into existence on 01041997, then it had both preexport and. The depb allows import of any items except the items which are otherwise restricted for imports.
Depb abbreviation stands for duty entitlement pass book. Nov 18, 2011 depb stands for duty entitlement pass book. Under the scheme government can issue an advance authorization or dfia to import inputs the duty free. Exemption notification for duty entitlement pass book scheme.
Duty entitlement pass book scheme depb agri exchange apeda. Duty entitlement pass book export, business, organizations. The benefit of depb schemes is available on the export products having extraneous material up to 5% by weight. How is duty entitlement passbook scheme abbreviated. Aug 25, 2008 what is meaning and importance of brc bank realisation certificate is it necessory to take brc for each export invoice raised please also explain regarding realisation rate amount etc and the provision for making brc thanks custom. Pass rules applicable to various classes of railway employees giving their travel entitlement as provided in the railway servants pass rules. Duty entitlement passbook scheme it is an export incentive scheme of indian government provided to exporters in india. Clipping is a handy way to collect important slides you want to go back to later. Duty entitlement passbook scheme depb helpline law. Duty entitlement passbook scheme may live to see another year 16 mar, 2008, 07. Deps duty entitlement passbook scheme acronymfinder. Facility for pro visional duty entitlement pass bookdepb rates introduced to encourage diversification and promote export of new products.
The deviation in the current during the transition is caused by the change in the converter steadystate conditions and the sensitivity of the inductor current to duty cycle perturbations, as presented in 8. Sir, i am a exservice men from indian navy and re employee in indian railway since 21. Notified on 141997, the depb scheme consisted of a postexport depb and b preexport depb. Supplies from the dta to a sez unit or developer without payment of central excise duty shall be on the cover of are1, clarification needed as is the case for normal exports out of india, i. Annual vacation entitlement attitude of entitlement blase entitlement capacity entitlement applicant code used to entitle case eligible for reentitlement information technology count against an employees leave entitlement credit creates entitlement financial credit creates entitlement,fight against the economic duty entitlement pass. Section 28iiid provides that any profit on transfer of the duty entitlement pass book scheme, being the duty remission scheme under the export and import policy formulated and announced under section 5 of the foreign trade development and regulation act, 1992 22 of 1992 shall be chargeable to incometax under the head profits and gains of business or profession. Initially, the depb scheme consisted of a postexport depb and b preexport depb. Duty entitlement pass book scheme in short depb is an export incentive scheme. Accounting treatment of export incentives under the duty entitlement pass book depb scheme. Depb rates rationalize in line with general reduction in customs duty.
The objective of depb is to neutralise the incidence of customs duty on the import content of the export product. Now customize the name of a clipboard to store your clips. Passbook definition of passbook by the free dictionary. Omit section 28iiid as depb scheme no more in existence. Depb means duty entitlement pass book to neutralise the.
Duty exemption remission scheme directorate general of. It is a scheme which is offered by the indian government to encourage exports from the country. Duty free replenishment certificate dfrc scheme extended to deemed export to provide a boost to domestic manufacturer. Under the postexport depb, which is issued after exports, the exporter is given a duty entitlement pass book scheme at a predetermined credit on the fob value. Additional customs duty excise duty and special additional duty paid in cash or through debit under depb may also be adjusted as cenvat credit or duty drawback as per dor rules. Pass rules kinds of passes entitlement for passes and p. Duty entitlement passbook scheme depb is an export incentive scheme which initially consisted of two parts. In a move towards tightening fiscal policies, the government on friday announced putting an end to the duty entitlement passbook book scheme depb, effective october 1. What is meaning and importance of brc bank realisation certificate is it necessory to take brc for each export invoice raised please also explain regarding realisation rate amount etc and the provision for making brc thanks custom.
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