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        DGFT

        Section 11B - Empowering Settlement Commission for regularisation of export obligation default

        Foreign Trade (Development And Regulation) Act 1992
        Chapter IV
        SEARCH, SEIZURE, PENALTY AND CONFISCATION

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        Settlement Commission authority: customs duty and interest settlements deemed valid under foreign trade law for export obligation defaults. Settlement Commission orders constituting settlement of customs duty and interest shall be treated as deemed settlements under the Foreign Trade (Development and Regulation) Act for regularising export obligation defaults.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                        Provisions expressly mentioned in the judgment/order text.

                            Settlement Commission authority: customs duty and interest settlements deemed valid under foreign trade law for export obligation defaults.

                            Settlement Commission orders constituting settlement of customs duty and interest shall be treated as deemed settlements under the Foreign Trade (Development and Regulation) Act for regularising export obligation defaults.


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