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DGFT Foreign Trade Policy Foreign Trade Policy (upto 07/04/2006) Para 2.46

Regularization of EO default and settlement of customs duty and interest through Settlement Commission

2.46

With a view to providing assistance to firms who have defaulted under the Foreign Trade Policy for reasons beyond their control as also facilitating the merger, acquisition and rehabilitation of sick units, it has been decided to empower the Settlement Commission in the Central Board of Excise and Customs to decide such cases also with effect from 01.04.2005.

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