Penalty can't be levied for unfulfilled export obligations if no violation attempt. Order imposing penalty for export shortfall sans contravention quashed.

Penalty can't be levied for unfulfilled export obligations if no violation attempt. Order imposing penalty for export shortfall sans contravention quashed. https://www.taxtmi.com/highlights?id=79338 Interpretation of Section 11(2) of FTDR Act, 1992 - penalty cannot be levied for non-fulfillment of export obligations under Letter of Permission/Undertaking if there is no allegation of attempting to make export/import in contravention of provisions of Act, Rules, Orders or Foreign Trade Policy - impugned order imposing penalty for shortfall in export of manufactured goods without any contravention is without authority and quashed - petition allowed in line with Supreme Court ruling in similar circumstances. en-us Fri, 12 Jul 2024 14:48:23 +0530 Fri, 12 Jul 2024 14:48:23 +0530 TaxTMI RSS Generator Penalty can't be levied for unfulfilled export obligations if no violation attempt. Order imposing penalty for export shortfall sans contravention quashed. https://www.taxtmi.com/highlights?id=79338 Interpretation of Section 11(2) of FTDR Act, 1992 - penalty cannot be levied for non-fulfillment of export obligations under Letter of Permission/Undertaking if there is no allegation of attempting to make export/import in contravention of provisions of Act, Rules, Orders or Foreign Trade Policy - impugned order imposing penalty for shortfall in export of manufactured goods without any contravention is without authority and quashed - petition allowed in line with Supreme Court ruling in similar circumstances. Highlights Customs Fri, 12 Jul 2024 14:48:23 +0530 https://www.taxtmi.com/highlights?id=79338