Amendments for Value Declarations of Freight, Insurance and Commission in Aayat Niryat Forms for e-BRC Facilitation

[DGFT Public Notice No. 21 dated 9th October 2012]

Subject: Amendments in Handbook of Procedure, Vol.I Appendices and Aayat Niryat forms.

In exercise of powers conferred under paragraph 2.4 of the Foreign Trade Policy, 2009-2014, the Director General of Foreign Trade hereby amends the Handbook of Procedures Vol.1 (Appendices and Aayat Niryat Forms) 2009-2014.

2.  The following additional declarations/undertaking will be furnished by applicants filing applications in ANF 3C and ANF 4G at the end of the existing declarations:

·         I/We hereby declare that Freight, Insurance and Commission values as mentioned in the application are based on actual transaction values.

·         For the purpose of calculating entitlement, commission amount has been included as per actual value or 12.5% of net FOB value realised whichever is less.

3.  The following additional declarations/undertaking will be furnished by applicants filing applications in ANF 4D, ANF 4F, ANF 4H  and ANF 5B at the end of the existing declarations :

·         I/We hereby declare that Freight, Insurance and Commission values as mentioned in the application are based on actual transaction values.

·         For the purpose of calculating entitlement, commission amount has been excluded.

4.   Effect of this Public Notice

In order to integrate e-BRC with the schemes under Foreign Trade Policy, the above declarations are being mandated.