Duty Entitlement Pass Book

DEPB scheme ends today

The 14-year-old Duty Entitlement Pass Book (DEPB), the popular tax refund scheme for exporters, came to an end today.

Govt announces new drawback scheme

The new drawback scheme has been announced by the government, the finance secretary and the chairman of the Duty Entitlement Pass Book (DEPB). There are essentially three key points from the new announcement, reports CNBC-TV18's Siddharth Zarabi.

Revised DEPB: Will pass on rates to consumer, says Alok Ind

Sunil Khandelwal, chief financial officer, Alok Industries speaking to CNBC-TV18 about new duty drawback plan announced for exporters said, "We are yet to get details product wise but prima facie there is marginal reduction in the rates but that should not be of much significance."

FM gives final approval to new drawback scheme: Sources

Government is likely to unveil tomorrow, a new scheme to replace the popular tax refund DEPB for exporters, which is ending on September 30.

Expect slowdown post festive season: TVS Motors

Venu Srinivasan, chairman and managing director of TVS Motor expects to see a slowdown post the festive season for the auto industry. The rising fuel costs and soaring interest rates are forcing automakers in India to revisit their ambitious growth plans.

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.

Govt notifies export sops for cotton, cotton yarn

The government has notified the restoration of incentives on export of cotton and cotton yarn following a sharp fall in domestic and international prices of the commodities.

FinMin mulls tax refund benefit on cotton yarn exports

The Finance Ministry is considering the restoration of a tax refund benefit for cotton yarn exports, which was suspended in April, 2010, to discourage overseas shipments amid high domestic prices.

Export sops for cotton, yarn restored

The government today announced restoration of incentives on export of cotton and cotton yarn following a sharp fall in domestic and international prices of the commodities.

Exporters expect govt to retain sops amidst tough going

Exporters' body FIEO today asked its members not to panic over discontinuation of the DEPB tax neutralisation scheme after September 30, as it is working with the government to find a solution.

Exports may not sustain growth rate of 40-45%: Khullar

India's exports may not sustain the growth rate of 40-45% in the coming months due to the uncertain economic conditions in the western markets, Commerce Secretary Rahul Khullar cautioned today.

Further extension of DEPB: Com Min may approach FM again

Pitching for a longer extension of the DEPB for exporters beyond September 30, Commerce Ministry officials contend that bringing the curtains down on the scheme will involve gigantic paper work, which requires more time.

Export growth: Cautious notes from RBI

India's exports may have shown a sharp rise of 46% in the first two months of 2011-12 fiscal, but the Reserve Bank today struck a cautionary note on the outlook.

DEPB scheme gets three month extension

The duty entitlement pass book (DEPB) scheme, which was set to expire on June 30 has now been given a three month extension until September and of course until a new scheme is worked out, reports CNBC-TV18’s Akanksha Sethi.

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.

DEPB extension a positive move for industry: TVS Motor

The government has decided to extend a tax break for exporters beyond a June 30 deadline. HS Goindi, President Marketing of TVS Motors, said that a three-month extension on DEPB will prove as a positive move for industry, however, he feels that more details are required from the government on the same.

Govt to extend tax break for exporters

The government has agreed to extend a tax break for exporters beyond a June 30 deadline, the Times of India newspaper reported on Saturday, quoting trade minister Anand Sharma.

Phased, calibrated exit of DEPB needed: Rajiv Bajaj

Managing director Rajiv Bajaj feels fortunate that exports continue to be strong, making up for the slowdown in the domestic sector. "Of the 126,000 that we did last month 105,000 were exported," he says adding, "We are expecting a similar performance if not slightly better in June."