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Wednesday, Sep 20, 2006

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`Details of foreign buyers in shipping bills not needed'

Our Bureau

New Delhi , Sept. 19

Exporters need not henceforth divulge details of the foreign buyers in the shipping bills submitted to the Government for claiming benefits under various export promotion schemes.

The Government has now allowed exporters to keep back such details by defacing the name and address of the foreign buyers in the shipping bills. This move is aimed at preventing leakage of confidential business information, according to a circular issued by the Directorate General of Foreign Trade (DGFT).

The DGFT has also asked the regional authorities to accept (for processing) those shipping bills where the names of foreign buyers have been defaced.

The Government had few months ago allowed exporters to apply for a certificate of origin (for non-preferential tariffs) from authorised agencies without having to fill in the details of the overseas buyers or the product being exported. This was also done to prevent confidential business information from becoming public.

The DGFT had said that the exporter could fill up such particulars after the certificate of origin (non-preferential) has been certified and signed by the authorised agency.

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