ANNOUNCEMENT 01 Oct 2010In October 2010, the government of India announced a change in the tax legislation for exporters.
NUMBER OF INTERVENTIONS
Department of Commerce. (2010). ANAND SHARMA RESTORES DEPB BENEFITS FOR COTTON AND COTTON YARN. Available at http://commerce.nic.in/PressRelease/pressrelease_detail.asp?id=2800
On 1 October 2010, the government of India re-introduced the Duty Entitlement Passbook Scheme (DEPB) for cotton exports.
Firms participating in the DEPB may earn credits for exported products. This credit reflects the amount of import duty payed on intermediates used in the exported product. They can then use this credit to pay for future import duties.