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DUTY ENTITLEMENT PASSBOOK
Higher EPS Pension: EPFO can’t use the excuse of employer’s deficient system of recordkeeping as a ground to deny higher pension to employees, rules Bombay HCBombay High Court ruled in favour of six employees seeking higher pensions. The court stated the Employee Provident Fund Organisation (EPFO...- Comptroller and Auditor General picks holes in Duty Entitlement Passbook SchemeDEPB, an export incentive, was implemented in April 1997. It initially consisted of two sub-schemes - pre-export DEPB and post-export DEPB.
- Government may restore interest subsidy for exportersAfter taking a decision to end the tax-refund DEPB scheme from October 1, the govt is likely to restore interest subsidy for exporters.
- Govt may restore interest subsidy for exportersDiscussions have already been held between top exporters' organisations and the Finance Ministry in this regard.
- Duty Entitlement Pass Book (DEPB) replacement set to cut tax refunds by 1-3 per centGovt has expanded its duty drawback scheme to cover items under a lucrative duty reimbursement mechanism.
- 127 mills employing 41,118 people shutdown in past 3 yrs: Govt125 textile mills employing 41,118 people have been shutdown in the past 3yrs on account of restrictions on cotton yarn exports.
- Govt notifies restoration of incentives on export of cotton & cotton yarnGovernment restores incentives on export of cotton & cotton yarn after a sharp fall in domestic & international prices of commodities.
- DEPB to stay for 3 more months, but no more extensions: FinminThe finance ministry has given a three-month extension to the popular export incentive scheme, the Duty Entitlement Passbook or DEPB.
- DEPB termination will hurt exports in absence of an alternative plan: CIIThe 14-year old scheme has been extended many times by the finance ministry on the recommendation of the Commerce Ministry since 1997.
- Withdrawal of sops makes exporters jitteryThe proposed withdrawal of export incentive 'Duty Entitlement Pass Book' scheme after June will adversely affect agri-commodites like spice...
- Citing Rs 8kcr revenue hit, FM rules out extending DEPBDespite intense industry lobbying, the finance ministry has said it will not give any extension to the popular export incentive scheme,DEPB.
- Commerce Ministry to push for benefits to exportersWith exports having seen a recovery with 37.5 per cent growth in 2010-11, the Finance Ministry is not willing to extend the DEPB.
- FM rules out extension of export-incentive plan beyond June 30Pranab Mukherjee has decided against extending a 14-year-old popular export incentive scheme called the duty entitlement passbook, a senior...
- Stimulus package fails to cheer up leather tradeThe leather exports industry, which is reeling under the impact of global recession, has said they were disappointed with the second stimul...
- Duty entitlement passbook scheme may live to see another yearThe duty entitlement passbook (DEPB) scheme - the export-promotion tool popular among exporters - is getting another lease of life.
- Tax frauds by exporters cost govt Rs 3,500 cr in 3 yrsThe government has unearthed more than 1,300 cases of tax frauds by exporters that has cost the exchequer a huge Rs 3,500 crore in the last...
- Foreign Trade Policy aims to attract FDI in export unitsThe UPA Government will unveil the first ever National Foreign Trade Policy that would contain slew of measures to attract FDI in employmen...
- Govt to modify DEPB rulesIn a move to de-incentivise steel exports to check rising local prices, the government decided to modify DEPB rules.
- SAD under DEPB exempted on exports before AprilThe government has exempted exports made upto April under the Duty Entitlement Passbook Scheme from Special Additional Duty.
- Five-year Exim Policy to be export-orientedNEW DELHI: The five-year Exim Policy, to be unveiled on Sunday, will shift the strategy from import liberalisation to export orientation, w...
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