In a bid to address deep concerns raised by exporters on the expiry of Duty Entitlement Pass Book (DEPB) scheme, the govenment has given its nod to extend the timeline beyond June 30. Reportedly, the revenue department will work out rates in the interim to convert the benefits of the DEPB scheme into duty drawback.
Sanjay S Lalbhai, CMD, Arvind said that duty drawback scheme in place of DEPB should be adequate. "In businesses like denim, the DEPB rates were better as compared to duty drawback's prices. Following the latter may lead to revenue losses," he adds. Below is the verbatim transcript of her exclusive interview with Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying video. Q: It seems that the DEPB scheme might be extended for three months but no longer
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