The duty credit under the scheme shall be calculated by taking into account the deemed import content of the said export product as per SION and the basic custom duty and surcharge thereof payable on such deemed imports. The value addition achieved by export of such product shall also be taken into account while determining the rate of duty credit under the scheme.   : 

Validity
The DEPB shall be valid for a period of 12 months from the date of issue. 

Revalidation

No revalidation shall be granted beyond the original period of validity of DEPB. 

Application in prescribed form

An application for grant of credit  under DEPB may be made to the licensing authority concerned in the prescribed form in duplicate alongwith the following documents:
Bank Receipt (in duplicate) / Deemand Draft evidencing payment of application fee at the rate of Rs. 5 per thousand subject to minimum of Rs. 200.
E.P. Copy of DEPB shipping Bills.
Bank Certificate of Exports.
Self attested copy of valid Registration cum Membership Certificate.
Exporter Importer Profile, in duplicate.
The application may be made by the Registered Office or Head Office or a Branch Office or manufacturing units of the eligible exporter to the licensing authority concerned. 

Time Period

The application for obtaining the credit should be filed with in a period of 180 days from the date of exports or within 90 days from the date of realisation, whichever is later,reckoned from the last date of realisation / exports, in respect of shipments for which the claim have been filed. 

Frequency of Application

The applicant may file one or more applications subject to the condition that each application shall contain not more than 25 shipping bills. All the shipping bills in any one application must relate to exports made from one Custom House only. This limit shall not apply to the applications filed through EDI mode.

The DEPB shall be issued with single port of registration, which will be the port from where the exports have been effected.

Wherever provisional shipment has been allowed by the customs authorities, DEPB against such exports shall be issued only after the release of the shipping bill by the Customs. In such cases, application for DEPB shall be filed within 180 days from the date of release of such shipping bill. 

Verification by Customs

The licensing authority shall ensure that while issuing the DEPB, the shipping bill no.(s) and date(s), FOB value in Indian rupees as per shipping bill(s) and description of export product are endorsed on the DEPB. Before allowing the imports against DEPB, the Customs shall verify that the details of the exports as given on the DEPB are as per their records. 

Transferability

The DEPB and/or the items imported against it are freely transferable. The transfer of DEPB shall however be for import at the port where exports have been made. However, imports from a port other than the port of export shall be allowed under TRA facility as per the terms and conditions of the notification issued by Department of Revenue. 

Applicability of Drawback

The exports made under the DEPB Scheme shall not be entitled for drawback. The additional customs duty paid in cash on inputs under DEPB shall be adjusted as CENVAT Credit or Duty Drawback as per Rules framed by the Deptt. of Revenue. However, where the Additional customs Duty is adjusted from DEPB, no benefit of CENVAT / Drawback shall be admissible.