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3. DUTY ENTITLEMENT PASS BOOK (DEPB) AND TELEGRAPHIC RELEASE ADVICE SCHEME 3.1 Duty Entitlement Pass Book (DEPB) is a scheme formulated under Para 7.43 of the Hand Book of Procedure of EXIM Policy 1997-2002 and Para 4.3 of Hand Book of Procedure of EXIM Policy 2002-2007 by the Government of India issued under Section 5 of the Foreign Trade (Development & Regulation) Act, 1992, with a view to facilitate and augment foreign trade by genuine importers. The object of the said scheme is to neutralize the incidence of Customs duty on the import content of the export product. The neutralization is provided by way of grant of duty credit against the export products. 3.2 Under the DEPB scheme, an exporter may apply for credit with the DGFT at the port of export. The credit shall be available against such export products and at such rates as may be specified for import of raw materials, intermediates, components, parts, packaging material etc. According to the Policy, the DEPB scrips issued against genuine exports are freely transferable and such scrips are permitted to be utilized to make import at the port specified therein, which is the port of export. 3.3 Against the DEPB scrips issued as above by DGFT, imports from a port other than the port of export are allowed under TRA (Telegraphic Release Advice) facility as per the terms and conditions of the Notification issued by the Department of Revenue. In this scheme, the importers are given the facility to discharge duty liability through debits against DEPB scrips under Notification No.34/97-Cus dated 7.4.1997 and 45/2002-Cus dated 22.4.2002. In addition, importer can avail the benefit of Nil rate of Special Additional Duty (SAD) under Notification No.23/02-Cus dated 1.3.2002 against the utilization of DEPB licence under Notification No.34/97-Cus. dated 7.4.1997.