ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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L N Mishra Case-Police at Work

 major manufacturer-exporter of TLT showed that the average ex-factory value less duty drawback had left, with reference to the average fob unit value realisation of Rs 4,020 per tonne, a sufficient profit margin. And yet cash assistance was revived in October 1975 and has been continuously extended since then and still remains in force. The Public Accounts Committee concludes, "The foregoing facts amply prove that the cash compensatory support for export of TLT was reintroduced w e f October 1975 without adequate examination of its justification and that in taking the decision the government relied largely on the case built up and the data supplied by the manufacturer-exporters without bothering to cross-check them from other data collecting agencies inside or outside government. Once it was introduced in October 1975, the decisions for its continuance from time to time were also taken on ad hoc basis without at any stage going into the justification for its continuance''.

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