S.O (E) : In exercise of powers conferred by Section 5 ofFT(D&R) Act, 1992, read with Paragraph 1.02 of the Foreign Trade Policy, 2015-20, as amended from time to time, the Central Government hereby makes following amendments in the Foreign Trade Policy 2015-20.

A new para no. 2.15 A is added in Chapter 2 of Foreign Trade Policy 2015-20 as under:

2.15A Any firm / company coming under the adjudication proceedings before the National Company Law Tribunal (NCLT) shall inform the concerned Regional Authority (RA) and NCLT of any outstanding export obligations/liabilities under any of the schemes under FTP. The total outstanding duty saved amount / dues along with interest, and any penalty imposed under FTD&R Act, or any other dues, shall be counted as part of the dues to the government against the said firm / company.

Effect of the Notification: A new para has been added in Chapter 2 of Foreign Trade Policy 2015-20 about the cases referred to the National Company Law Tribunal.
 

(Bidyut Behari Swain)
Director General of Foreign Trade
Ex-officio Additional Secretary, Government of India
e-mail: dgft@nic.in

(Issued from File No. 01/94/180/019/AM20/PC-4)