https://www.taxtmi.com/forum/issue?id=1412 Contravention of export obligations can attract penalties under Section 11 of the Foreign Trade (Development and Regulation) Act, 1992 of up to five times the value of the goods, together with reversal of any benefits or exemptions availed under advance licence or notifications, plus interest and additional penalties as provided in the relevant policy and notifications. en-us Tue, 11 Aug 2009 23:39:26 +0530 Thu, 23 Jan 2025 15:58:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1412 Contravention of export obligations can attract penalties under Section 11 of the Foreign Trade (Development and Regulation) Act, 1992 of up to five times the value of the goods, together with reversal of any benefits or exemptions availed under advance licence or notifications, plus interest and additional penalties as provided in the relevant policy and notifications. Discussion-Forum Customs Tue, 11 Aug 2009 23:39:26 +0530 https://www.taxtmi.com/forum/issue?id=1412