Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: VAT RATES :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: cpt :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: articles on VAT and GST in India
« News Headlines »
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest
 Big changes for small units under GST
 Parliament’s winter session to begin on November 16 to expedite GST rollout
 Income-tax (27th Amendment) Rules, 2016 - 92/2016
 Announcement - Clarifications in Respect of MEF 2016-17
 Non-taxing GST apps to make filing income tax return less painful

Centre plans to extend DEPB scheme till 2010
March, 27th 2007

In a major relief to exporters, the Central government has decided to extend the Duty Entitlement Pass Book (DEPB) scheme to the year 2010. However, as per the agreement with World Trade Organization (WTO), it is mandatory to phase out the scheme by 2010 and announce a new scheme. Shri Dhansukhbhai Vora, President, Greater Rajkot chamber of commerce, said, The DEPB scheme was launched in the year 1997.

As per the agreement with World Trade Organization WTO, the DEPB scheme was considered to be an incentive and there was pressure to withdraw it. Even the Centre had planned to bring an end to the scheme, but in the absence of consensusover the new scheme, it was decided to continue the scheme till 2010 with effect from April 1, 2007.
Vora also added that the DEPB is linked with custom duty. However, there is no change in the cap value and as a result the extension of the scheme has not impressed many exporters. According to exporters, while the custom duty is being reduced, the production cost is surging due to higher input cost.

Despite this, the cap value has not been increased, it means that if the custom duty is further reduced in next three years, the scheme would be an attractive one.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions