FOB valuation: include commissions and discounts when computing entitlement under export incentive schemes, as clarified by DGFT. The FOB value of exports for entitlement computation under the Chapter 3 incentive schemes of the Foreign Trade Policy 2004-09 is to be taken inclusive of commissions and discounts, making such amounts part of the FOB base for calculating benefits.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
FOB valuation: include commissions and discounts when computing entitlement under export incentive schemes, as clarified by DGFT.
The FOB value of exports for entitlement computation under the Chapter 3 incentive schemes of the Foreign Trade Policy 2004-09 is to be taken inclusive of commissions and discounts, making such amounts part of the FOB base for calculating benefits.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.