News Summary

• The Global Trade Research Initiative (GTRI) said that the government should immediately intervene because if unchecked, DFIA misuse will destroy faith in India's export incentive regime.
• A forensic audit of licences issued in the past five years is urgently needed, alongside recovery of duties from fraudulent imports, it said.
• The commerce ministry said that in the Directorate General of Foreign Trade (DGFT), there is a permanent mechanism of norms committees across sectors for looking into complaints of misuse of SION (standard input output norms) and misdeclaration of inputs used.