Utilisation of DEPB credit

4.42

The credit under DEPB may also be utilised for payment of customs duty on any item which is freely importable.

In case of edible oils, whether refined or unrefined, the DEPB may be used for debit of 50% of the applicable duty and the balance 50% shall be paid in cash.

(Above second clause has been added vide PUBLIC NOTICE NO. 05/2004-09, DT. 16/09/2004)