PMV under DEPB scheme

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..... f credit entitlement under DEPB scheme comes to 15% , or more, the amount of credit against each such export product shall not exceed 50% of the ", present market value (PMV) of the export product. At the time of export, the exporter shall declare un the Shipping bills that the benefit under DEPB scheme against the export product would not exceed 50% of the PMV of the export product. Such declarat .....

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..... Present Market Value (PMV) of such export (b) The exporter also furnishes to the licensing authority an Indemnity Bond duly notorised to the effect that if at any point of time, it is found that benefit under DEPB scheme against the export product________________ exported under Shipping Bills No. ___________ Dated _____________ has exceeded 50% of the PMV of the export product, the exporter will .....

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