Grant of DEPB credit against inadmissible products by splitting the FOB value

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..... g the FOB value. During deliberations in the DEPB Committee, it was noticed that certain field formations are assessing DEPB shipping bills for certain products which are not squarely covered under the relevant DEPB rate entries, and are assessing such shipping bills by splitting the FOB value into two or more elements by costing method or otherwise, and granting DEPB credit in regard to the va .....

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..... one is deemed to fall within the relevant DEPB rate entry and the other is deemed to fall outside the said rate entry. No DEPB entitlement shall be admissible in such cases. 3. The issue has been examined in the Board, and it has been decided that the above decision of the DEPB Committee may be noted for uniform application by all Custom Houses. 4. The contents of this Circular may be brought .....

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