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DGFT Hand Book of Procedures HB Vol.1 (upto 31/03/2001) 6.16

6.16 In case of failure to fulfil the export obligation or any other condition of the licence, the licence holder shall be liable for action under the Foreign Trade (Development & Regulation) Act, 1992, the Orders and Rules made thereunder, the provisions of the Policy and the Customs Act, 1962.

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