Depb scheme licence
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 October 2013
Can a DEPB (Duty entitlement passbook) be called a negotiable instrument under the Negotiable Instruments Act,1881? And if yes under what section or case law?
23 October 2013
it is transferable.
Government has withdrawn DEPB Scheme with effect from 1.10.2011.
actually Under the 14-year-old DEPB scheme, the government spends annually about Rs 8,500 crore for re-reimbursing exporters on the taxes paid on import equivalent content of export products. (2012)
Government has withdrawn DEPB Scheme with effect from 1.10.2011.
actually Under the 14-year-old DEPB scheme, the government spends annually about Rs 8,500 crore for re-reimbursing exporters on the taxes paid on import equivalent content of export products. (2012)
23 October 2013
Agreed with above expert.
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