Penalties under Foreign Trade Act must be credited to the Consolidated Fund of India, clarifying fiscal receipt allocation. All sums recovered as penalties under the Foreign Trade (Development and Regulation) Act, 1992 must be credited to the Consolidated Fund of India, thereby directing penalty proceeds into the central government's consolidated public finances rather than permitting retention or earmarking by the collecting agency.
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Provisions expressly mentioned in the judgment/order text.
Penalties under Foreign Trade Act must be credited to the Consolidated Fund of India, clarifying fiscal receipt allocation.
All sums recovered as penalties under the Foreign Trade (Development and Regulation) Act, 1992 must be credited to the Consolidated Fund of India, thereby directing penalty proceeds into the central government's consolidated public finances rather than permitting retention or earmarking by the collecting agency.
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