Market verification for ascertaining the present market value under DEPB Scheme and admissibility of DEPB credit-reg

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..... ity of DEPB credit-reg. Attention is invited to Board’s Circulars No.56/2002-Cus dated 9.9.2002, wherein it was clarified that wherever, the declared f.o.b. value is more than the present market value as declared by the exporter or as ascertained by the Customs authorities, the present market value shall be the basis for granting DEPB credit. Further, this principle will be applied to all export .....

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