CA Akhil Rastogi (CA ) (1146 Points)
28 June 2008Please tell me answers of these questions with reference of sections & case Laws.
What is FOB value for DEPB
Whether FOB value includes freight upto custom station for DEPB caculation.
Whether excise duty paid on export sale is included in FOB for DEPB caculation.
S.Srinivasaraghavan
(Chief Financial Officer and Co)
(11318 Points)
Replied 31 October 2008
1)FOB value of exports
2) No
3)How will there be excise on exports?
PARESH RANA
(ASST. MANAGER (EXIM))
(33 Points)
Replied 11 December 2008
For claiming DEPB the actual FOB realised is tanken into account. i.e. after deducting your freights, insurance and bank charges etc.
CAclubindia
