Alternative to DEPB

NEW DELHI SEPT 8:In the backdrop pf strong demands from exporters for retaining DEPB Commerce and Industry Minister Anand Sharma met Finance Minister Pranab Mukherjee.The exporters have been demanding that the tax-refund DEPB Scheme,which is set to expire by the end of this month should be extended.”While the DEPB will end on September 30 the commerce and finance ministries are jointly tember 30 the commerce for export incentive ,”source said.The main beneficiaries of the DEPB scheme are engineering automobile and chemicals sectors.Though Indi’s exports have shown a remarkable performance ,growing by 54oc between April-July 2011 to $108.3 billion there are concerns that the momentum may not be sustained in the wake of increasing economic problem in the US and Europe