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The Government is considering replacement of the existing Duty Entitlement Pass Book (DEPB) scheme by a scheme which would be more compatible to the WTO and exporter friendly.
A three member committee comprising Shri Saumitra Chaudhari (Member of Economic Advisory Council to the Prime Minister) as Chairman, Shri S.B. Mohapatra, Secretary,(Retd), and Shri. T.R. Rustagi, Chief Commissioner of Customs and Central Excise, (Retd) as members has been constituted to work out the methodology for calculation of All Industry Rates of Duty Drawback, 2005-06, and suggest rates on the basis of changes made in the Union Budget, 2005-06. The Committee is expected to submit its report to the Government in the week beginning 18.04.05.
This was informed by Shri EVKS Elangovan, Minister of State for Commerce & Industry, in a written reply in the Rajya Sabha today.
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