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of <h1>Legal Agreement for DEPB Scheme: Fulfill Export Obligations or Face Penalties and Interest Charges</h1> This legal agreement format for parties applying for scrips under the DEPB Scheme and freely transferable incentive schemes. The agreement is between the party (importer/exporter) and the Government of India, represented by the Director General of Foreign Trade. It mandates the party to fulfill obligations such as realizing export proceeds within a specified period and submitting necessary documentation. Failure to comply results in financial penalties and interest charges. The agreement remains valid until all obligations are satisfied, and the government retains the right to modify the scheme and enforce penalties for non-compliance.
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