Incorporation of new provision in the Foreign Trade Policy 2015-20 about cases referred to National Company Law Tribunal (NCLT). - 25/2015-2020 - Foreign Trade Policy
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NCLT referrals require disclosure of export obligations and inclusion of duty, interest, and penalties in government claims. Firms and companies under adjudication before the National Company Law Tribunal (NCLT) must inform the Regional Authority and NCLT of any outstanding export obligations or liabilities under FTP schemes; total outstanding duty saved amounts, interest, penalties and other dues shall be counted as part of the government's claims against the firm or company.
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.
NCLT referrals require disclosure of export obligations and inclusion of duty, interest, and penalties in government claims.
Firms and companies under adjudication before the National Company Law Tribunal (NCLT) must inform the Regional Authority and NCLT of any outstanding export obligations or liabilities under FTP schemes; total outstanding duty saved amounts, interest, penalties and other dues shall be counted as part of the government's claims against the firm or company.
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