Govt may extend DEPB

The DEPB scheme which was due to end on June 30, is likely to be extended for 3 more months as a result of exporters who are lobbying hard with the Commerce Ministry which is pursuing their case with the Finance Ministry.

With the country's exports registering an impressive growth of 37.55% in 2010-11, the Finance Ministry was not in favour of any more extensions to the tax rebate scheme - Duty Entitlement Pass Book (DEPB).

According to industry sources, the government has agreed to extend the scheme by three months. But it could not be confirmed either from the Commerce Ministry or Finance Ministry.

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