The Government on Friday announced a new duty drawback plan for exporters to items under the Duty Entitlement Pass Book (DEPB) program, which expires on Sept. 30
The new duty drawback scheme will cover 1,100 items, R.S. Gujral, Finance Secretary, told reporters in New Delhi today.
However, the Government will end a tax break under the DEPB for exporters with effect from Sept. 30, Gujral said.
The new drawback scheme, proposed by the Saumitra Chaudhuri panel, has reportedly been approved by Finance Minister Pranab Mukherjee.
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