Amendment in Aayat Niryat form to monitor domestic procurement made & corresponding duty foregone

New Delhi, Dec 2 (KNN) The Directorate General of Foreign Trade (DGFT) has made amendments to the format for Quarterly Report and Annual Progress Report for the Working Units to monitor the domestic procurement made and corresponding duty foregone.

The amendments have been made in the Aayat Niryat Forms of Foreign Trade Policy 2015-20.

After the amendments, the details of indigenous procurement, both quantity and value, of cumulative domestic procurement of RM/Consumables etc during the quarter and up to the quarter along with the cumulative domestic procurement of capital goods including spares up to the quarter have to be provided.

The details of duty forgone on indigenous procurement are also to be given. (KNN Bureau)