FTP - Amendment in Foreign Trade Policy - Greater Scrutiny?
GOVERNMENT has amended the Handbook of Procedures Vol. I 2009-14 - to stipulate a list of indicative documents for such greater scrutiny.
(i) Calling for evidence of manufacture / purchase of export goods i.e. excise return /sales tax returns or any other evidence.
(ii) Checking exports of company from whom goods have been purchased i.e. whether such company had done export in previous 2 years and quantum of exports in previous 2 years and quantum of exports in current year.
(iii) Calling for any other evidence to justify export growth and consequent entitlement of Incremental Exports Incentivisation Scheme.
DGFT Public Notice No. 28/2009-2014 (RE- 2013), Dated: September 25, 2013