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New duty drawback may be lower than DEPB rates: Sources
The government is planning to replace the Duty Entitlement Pass Book (DEPB) scheme with the duty drawback scheme, which is originally established to roll out next month-end. Sources in the government indicate that new duty drawback rates may be 1-3% lower than DEPB rates, reports CNBC-TV18's Aakansha Sethi.
first published: Aug 29, 2011 02:00 pm
