https://www.taxtmi.com/forum/issue?id=3913 Compliance with the Foreign Trade Policy requires EOUs to achieve a positive Net Foreign Exchange Position (NFEP); the policy does not use an export obligation for EOUs. If an EOU has achieved positive NFEP, penal proceedings and duty interest cannot be initiated under the FTP, and questions of recovery or penalties are therefore precluded by that compliance. en-us Sat, 17 Mar 2012 14:47:55 +0530 Thu, 23 Jan 2025 15:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3913 Compliance with the Foreign Trade Policy requires EOUs to achieve a positive Net Foreign Exchange Position (NFEP); the policy does not use an export obligation for EOUs. If an EOU has achieved positive NFEP, penal proceedings and duty interest cannot be initiated under the FTP, and questions of recovery or penalties are therefore precluded by that compliance. Discussion-Forum Customs Sat, 17 Mar 2012 14:47:55 +0530 https://www.taxtmi.com/forum/issue?id=3913