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DGFT Hand Book of Procedures Foreign Trade Procedure (upto 31/03/2008) 6.12.2

Monitoring of NFE

6.12.2

Failure to ensure positive NFE or to abide by any of terms and conditions of LoP / LoI / IL / LUT shall render unit liable to penal action under provisions of FT (D&R) Act, 1992 and Rules and Orders made there under without prejudice to action under any other law / rules and cancellation or revocation of LoP / LoI / IL.

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