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Duty drawback needs 'improvement' to replace DEPB: Arvind

Sanjay S Lalbhai, CMD, Arvind said that duty drawback seems adequate, but it needs some improvement in order to replace the DEPB scheme. "In businesses like denim, the DEPB rates were better as compared to duty drawback's prices. Following may the latter may lead to revenue losses," he adds.

first published: Jun 13, 2011 11:42 am

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