IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 21 Apr 2010 | Removal date: 30 Sep 2010
Still in force

Tax-based export incentive

The export benefit on cotton under the Duty Entitlement Pass Book (DEPB) scheme has been withdrawn through Public Notice No 45 (RE-2010) for all exports made after 21 April 2010.

This incentive was later reintroduced through Public Notice No. 68 (RE-2010) and allowed on all exports made after 1 October 2010.

The Scheme provides credits on exported goods to neutralize the cost of import duties on raw materials imported to manufacture the export product. These credits can then be used to pay future liabilities of import duties.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

019 Forage; natural rubber; living plants; raw vegetable materials
5201 Cotton, not carded or combed.
520100 Cotton, not carded or combed.
261 Natural textile fibres prepared for spinning
5203 Cotton, carded or combed.
520300 Cotton, carded or combed.

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