Financial Daily from THE HINDU group of publications
Friday, Feb 20, 2004

Cross Currency

Group Sites

Industry & Economy - Exports & Imports

`All notified SEZs can avail DEPB benefits'

K.R. Srivats

New Delhi , Feb. 19

THE Director-General of Foreign Trade (DGFT) has issued a directive that exports made to all notified Special Economic Zones (SEZs) would be entitled to duty entitlement passbook (DEPB) benefits.

Hitherto, the DGFT has been adopting the practice of individually naming the SEZs (in the Handbook of Procedures) to which exports made from the domestic tariff area (DTA) would qualify for the DEPB benefits.

"It's a far-sighted decision. As more SEZs come into operation and get notified by the commerce department, the DGFT need not time and again amend the Handbook of Procedures to state that exports to the concerned SEZ would qualify for DEPB," informed sources said.

As of today, nine SEZs are operating in the country and more than two dozen SEZs are in the pipeline. Exports to the SEZs of Santacruz, Kandla, Kochi, Visakhapatnam, Chennai, FALTA, Surat and Noida are already entitled to DEPB benefits.

More Stories on : Exports & Imports

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Q3 growth estimated at 8.9 pc: Jaswant

`Indo-Canadian trade growing at 10 pc'
A `boutique hotel' from Ohri group
Another Planet Yumm outlet in Chennai
Centre okays Rs 1,428 cr for roads in 7 States
ICICI-Kinfra to execute projects worth Rs 105 cr
5-mt crude buffer at Vizag, Mangalore: Naik
IBP to expand cryogenics business
`Plastics threat blown out of proportion'
Service tax audit now extended to all taxable services
Kerala SSIs urged to form clusters to achieve economies of scale
Codissia to buy Rs 35-cr equipment
No freeze on cable TV subscriber base: TRAI
`Industry must subsidise higher education' — AICTE report does not concern IITs, IIMs: U.R. Rao
CTV picture tube makers want duty `glitch' set right
Foundation laid for leather park in AP
Gold may dip before rising
Centaur deal: Shourie denies `under-pricing'
In Hyderabad today
Sensitive items imports up 38% in April-Nov
New schemes for emerging export streams on anvil
Rising freight charges impact soyameal exports
`All notified SEZs can avail DEPB benefits'
Kerala's tourism revenue to top Rs 1,200 crore
NGRI gets ISO 9001

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line