Submission of FTP export-obligation statement required before insolvency proceedings, with duty saved details and attestations. Firms or companies entering insolvency or tribunal referral proceedings must, as part of statutory filings before proceedings begin, submit a statement listing export obligations, duty saved amounts and applicable interest to the relevant regional authority and the insolvency forum, together with penalties and other dues; documentary proof of any partial fulfilment claimed to offset duty saved amounts must include consumption and capital goods procurement statements attested by a chartered engineer or chartered accountant.
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.
Submission of FTP export-obligation statement required before insolvency proceedings, with duty saved details and attestations.
Firms or companies entering insolvency or tribunal referral proceedings must, as part of statutory filings before proceedings begin, submit a statement listing export obligations, duty saved amounts and applicable interest to the relevant regional authority and the insolvency forum, together with penalties and other dues; documentary proof of any partial fulfilment claimed to offset duty saved amounts must include consumption and capital goods procurement statements attested by a chartered engineer or chartered accountant.
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