https://www.taxtmi.com/acts?id=19491 The form is a standardized legal undertaking requiring the importer/exporter to perform the export obligation and comply with scheme and customs conditions, furnish export statements and bank certificates, and, on default, to pay duties or the value of the authorisation, execute or suffer invocation of a bank guarantee, pay liquidated damages, and accept disposal of unutilised goods. The Government's written demand is final and binding; payment under demand does not preclude other enforcement under the Foreign Trade (Development & Regulation) Act, and the Government may modify the Scheme. en-us Tue, 14 Apr 2015 17:34:59 +0530 Wed, 13 Dec 2017 12:42:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19491 The form is a standardized legal undertaking requiring the importer/exporter to perform the export obligation and comply with scheme and customs conditions, furnish export statements and bank certificates, and, on default, to pay duties or the value of the authorisation, execute or suffer invocation of a bank guarantee, pay liquidated damages, and accept disposal of unutilised goods. The Government's written demand is final and binding; payment under demand does not preclude other enforcement under the Foreign Trade (Development & Regulation) Act, and the Government may modify the Scheme. Act-Rules DGFT Tue, 14 Apr 2015 17:34:59 +0530 https://www.taxtmi.com/acts?id=19491