This was stated here by Mr. Whichever may be the scheme that will replace DEPB, we are determined to neutralize the indirect taxes that you pay on the various inputs. The DGFT also pointed out that DEPB rates have been rationalized in this year's policy in line with the changes in customs duty announced in the Union Budget.
DEPB rates are dependent on basic customs duty and the surcharge.
When surcharges have been changed in the Budget, automatically the DEPB rates will have to change. Mr. Lakhanpal also said that information on the status of imports of 300 sensitive items, which are to be monitored by the Standing Group announced by Mr. Murasoli Maran, would be available in the public domain by the 20th day of the next month.