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DEPB Licence, Other Topics |
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DEPB Licence |
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A company is not a manufacturing unit but is doing only extraction and exporting the output. The unit is also a 100% eou unit and availing customs duty exemptions on packing materials imported. Can this unit obtain DEPB licence for the exports made and sell the licences.
Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
DEPB means Duty Entitlement Pass Book to neutralise the incidence of basic and special customs duty on import content of export product. Since the EOU units are already enjoying the basic and special customs duty exemtption, in our view the DEPB Lic can not be obtained.
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