Export obligation - penalty

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 September 2015 Is a Company under BIFR liable to pay export obligation penalty or any relief is available, if so, pl provide details

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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14 September 2015 Advised
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The applicant is hereby directed to get their case regularized in
terms of Para 4.49 of HBP 2015-2020.

Reason
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in the case of M/s. Electrotherm (India) Ltd. Ahmedabad PRC Meeting No. 06/AM16 dated 21.07.2015 the DGFT HEADQUARTERES none relief given by Policy Relaxation Commitee.

Regards,