A licence to deceive Posted on July 18, 1994 by Uttam Gupta a-licence-to-deceive Tags: 'IT on remittance receipts', 'hefty premium', 'hawala market', 'market based incentives', 'export promotion', full convertibility, 'Directorate-General of Foreign Trade (DGFT)', 'value based advance licence (VABAL)', 'duty exemption entitlement certification (DEEC) scheme', 'fraudulent' exports'