Chatroom: Importers must ensure genuineness of COO, says expert

Business Standard brings you the fortnightly Q&A on SMEs

We are starting a merchant exporting activity. We understand that we can source goods from domestic parties on payment of 0.1 per cent GST and export under LUT, but we have to give a shipping bill copy to our supplier. We are afraid this will reveal the name and address of our overseas customer to our local supplier. Is there any way to avoid that?

The DGFT Policy Circular no. 18/2006 dated September 4, 2006, says that in order to prevent leakage of confidential information, exporters are allowed to deface the name and address of foreign buyers in shipping bills