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Duty Entitlement Pass Book : Under the Duty Entitlement Pass Book scheme, an exporter shall be eligible to claim credit as a specified percentage of FOB value made in freely convertible currency. The credit shall be available against such export products and at such rate as may be specified by the Director General of Foreign Trade. Any item except those appearing in the Negative List of Imports shall be allowed for import without payment of basic customs duty, special duty as well as additional customs duty against the credit under this scheme. The third party exports are admissible for grant of credit. The DEPB shall be valid for a period of 12 months from the date of its issue. The DEPB may be issued on post export basis or pre-export basis.
The DEPB holder shall be required to execute Bond with surety/security to the customs authority. The bond shall be for a value as may be specified in this behalf before the imports are effected under the DEPB on pre-export basis. The exports made under DEPB scheme shall not be entitled for drawback.
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MAJOR PRODUCTS EXPORTED : Look at Table which shows the major products exported from India and the changing pattern thereof over the last 40 years. It is clear from the above ta
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Remittances Connected with Exports : Exporters are permitted to retain upto 25% (50% in the case of EOUs located in EPZI Software Technology Parks/Electronics Hardware Technology
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Agency Commission on Exports : Authorised dealers may allow payment of commission, either by remittance or by deduction from invoice value, on application submitted by the exporte
OBJECTIVES After studying this unit, you should be able to: 1. Explain the objectives of exchange control; 2. Describe the principal provisions of Foreign Exchange Regula
PROCESS MARKETING INFORMATION SYSTEM.
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