The Heavy Industries Ministry has sought the continuation of DEPB scheme. The popular exports promotion scheme is set to expire on September 30. CNBC-TV18's Rituparna Bhuyan reports.
The Heavy Industries secretary had written a letter to the Finance secretary on July 26.
In this letter, S Sundareshan says doing away with DEPB is not justifiable. He says DEPB scheme used to take care of a large number of duties. Many state level duties are not reimbursed to exporters.
Auto sector is the major user of the scheme and is likely to get affected severely from the withdrawal.
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