India decides to stop tax incentive scheme for exports

Speaking to reporters in New Delhi, Sunil Mitra also said the government faced an estimated annual loss of 80 billion rupees ($1.77 billion) from the programme, called the Duty Entitlement Pass Book scheme.

The DEPB scheme is a tax incentive scheme for exporters under which the government reimburses about $1.8 billion a year to exporters on taxes paid on imported supplies.