DUTY ENTITLEMENT PASSBOOK SCHEME
Duty Entitlement Passbook Scheme (DEPB)
4.3
The objective of DEPB is to neutralise the incidence of Customs duty on the import content of the export product. The neutralisation shall be provided by way of grant of duty credit against the export product.
The DEPB scheme will continue to be operative until it is replaced by a new scheme which will be drawn up in consultation with exporters.