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of <h1>Indian Exporters Must Adhere to 12.5% Commission Cap for Foreign Agents to Preserve Export Benefits.</h1> The circular addresses the limit on agency commission payments by Indian exporters to foreign agents, which affects export benefits under schemes like Duty Drawback and DEPB. The Reserve Bank of India set a limit of 12.5% of the f.o.b. value for such commissions. Recent instances of commissions exceeding this limit have raised concerns. The Department of Revenue clarifies that the 12.5% limit remains unchanged, and commissions above this should be deducted from the f.o.b. value when calculating export benefits. Field formations are instructed to follow these guidelines, and appropriate standing orders should be issued for staff guidance.
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