Cost Accountants can also Certify Export Documents

[DGFT Public Notice No. 22 dated 11^th October 2012]

Subject: Certification of various documents by Cost Accountants under Handbook of Procedure Vol.I and Appendices under Foreign Trade Policy.

In exercise of powers conferred under Para 2.4 of the Foreign Trade Policy, 2009-14, the Director General of Foreign Trade hereby makes the following amendments in the Handbook of Procedure Vol.I and Appendices 2009-2014 in public interest:

1. Wherever the term “Chartered Accountant” appears, it would deem to mean and include “Cost Accountant” also. Similarly, wherever the term “FCA” has been used in respect of a Chartered Accountant, it would deem to mean and include the term “FCMA” in respect of a Cost Accountant.

2. The words “CA Number” shall be substituted to read as “Membership Number”.

3. The words “Cost and Works Accountant” shall be substituted to read as “Cost Accountant”.

Effect of this Public Notice: Under the EXIM Policy and Procedure, wherever certification by a Chartered Accountant was required, the exporters would be able to get certification done by a Cost Accountant also.