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Depb

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(Querist)
03 January 2013 Respected Sir,
Please explain why people purchase DEPB license
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
03 January 2013 DEPB, which is issued after exports, the exporter is given a duty entitlement Pass Book at a pre-determined credit on the FOB value. The DEPB allows import of any items except the items which are otherwise restricted for imports

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