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of <h1>Foreign Trade Policy 2015-20 Update: Firms in NCLT Must Report Export Liabilities to Authorities Per Paragraph 2.15 A.</h1> A new provision has been incorporated into the Foreign Trade Policy 2015-20, specifically addressing cases referred to the National Company Law Tribunal (NCLT). The amendment, detailed in Paragraph 2.15 A of Chapter 2, mandates that any firm or company undergoing adjudication before the NCLT must inform the relevant Regional Authority and the NCLT of any outstanding export obligations or liabilities under the policy's schemes. These liabilities, including duty saved amounts, interest, and penalties, will be considered as dues to the government. This change ensures that such financial obligations are accounted for during NCLT proceedings.
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