6C.1A
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Exports by Government/Public Sector Undertakings, etc
As per the procedure laid down by Government of India, export contracts by Central/State Governments, Central & State Public Sector undertakings and autonomous bodies should be made on CIF basis only in respect of transportation of Government owned/controlled cargo by foreign flag vessels (i.e. ocean transportation of cargo). In case of the contracts entered into on terms other than CIF, a `No Objection Certificate from the Ministry of Surface Transport (MOST), Government of India is required to be obtained. While negotiating export documents on behalf of aforesaid exporters, authorised dealers should ensure that necessary No Objection Certificate from MOST has been obtained by the concerned exporters in cases of the exports made on terms other than CIF.