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of <h1>New Circular Targets Export Fraud with Improved Assessment Procedures and Controls, Highlights Key Suggestions for Compliance.</h1> The circular addresses export frauds and suggests improvements in assessment and examination procedures. It highlights loopholes identified by the Directorate General of Vigilance and proposes measures to enhance controls. Key suggestions include specifying examined package numbers in reports, clearly indicating declared FOB value, quantity, and weight on shipping bills, and prohibiting the use of correcting fluids. Corrections should be made by striking through original figures and authenticating changes. These measures are to be implemented for manually processed shipping bills, and relevant authorities are instructed to issue public notices and standing orders. Any implementation challenges should be reported to the Board.
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