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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Ministry of Finance mandates strict verification of shipping bills to prevent double benefits under Duty Exemption Scheme.</h1> The circular from the Ministry of Finance outlines instructions for verifying shipping bills under the Duty Exemption Scheme to prevent exporters from receiving double benefits. It emphasizes adherence to previous instructions and requires declarations and certifications on shipping bills and AR-4 forms, indicating the export scheme (Value Based or Quantity Based Advance Licence) and compliance with Central Excise Rules. The circular mandates that field formations and merchant exporters follow these procedures, ensuring that goods not covered by Central Excise control are certified accordingly. Immediate action is required to issue public notices and instructions to relevant parties.
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