Penalty for failure to export cotton yarn allows regularisation on payment, avoiding future default classification. Where an exporter's shortfall in registered cotton yarn exports exceeds the permitted negative five percent tolerance, the respective Regional Authority may regularise the shortfall on payment of a specified penalty comprising a fixed component plus a percentage of the excess shortfall value; exporters who regularise under this mechanism will not be treated as defaulters for future registrations.
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.
Penalty for failure to export cotton yarn allows regularisation on payment, avoiding future default classification.
Where an exporter's shortfall in registered cotton yarn exports exceeds the permitted negative five percent tolerance, the respective Regional Authority may regularise the shortfall on payment of a specified penalty comprising a fixed component plus a percentage of the excess shortfall value; exporters who regularise under this mechanism will not be treated as defaulters for future registrations.
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