ANNOUNCEMENT 21 Apr 2010
In April 2011, the government of India announced a change in the tax legislation for exporters.
NUMBER OF INTERVENTIONS
The export benefit on "Cotton yarn including Melange yarn" under the Duty Entitlement Pass Book (DEPB) scheme has been withdrawn through Public Notice No 57 / 2009-2014 (RE-2010) for all exports made after 21 April 2010.
This incentive was later reintroduced through Public Notice No. 67 (RE-2010) and allowed on all exports made after 1 April 2011.
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.