The Head/Principal Offices of all
Authorized Dealers in Foreign Exchange

Dear Sirs,

FREIGHT SUBSIDY CLAIMS IN RESPECT OF EXPORTS CONSIGNMENTS.

All Authorized Dealers are informed that the audit firm assigned the task of pre-audit of freight subsidy claims by Export Promotion Bureau has pointed out discrepancies of different nature due to which payment of freight subsidy are being delayed.

2. A list of such observations made is attached and Authorized Dealers are advised to take appropriate steps to eliminate the shortcomings and ensure that due care is exercised in processing freight subsidy claims at their branches before lodgment of the same.

3. Please bring the above to the notice of your constituents