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Date: 18-10-2019
Notification No: Notification No.25/2015-2020
Issuing Authority: DGFT  
Type: Notification
File No: Issued from File No. 01l94/180/019/AM20/PC-4
Subject: Incorporation of new provision in the Foreign Trade Policy 2015-20 about cases referred to National Company Law Tribunal (NCLT).

Government of India
Ministry of Commerce and Industry
Department of Commerce
Directorate General of Foreign Trade
Udyog Bhawan
*****
Notification No.25/2015-2020

New Delhi, Dated 18thOctober 2019

Subject: Incorporation of new provision in the Foreign Trade Policy 2015-20 about cases referred to National Company Law Tribunal (NCLT).

S.O(E): In exercise of powers conferred by Section 5 ofFT(D&R) Act, 1992, read with Paragraph 1.02 of the Foreign Trade Policy, 2015-20, as amended from time to time, the Central Government hereby makes following amendments in the Foreign Trade Policy 2015-20.

A new para no. 2.15 A is added in Chapter 2 of Foreign Trade Policy 2015-20 as under:
 2.15 A Any firm / company coming under the adjudication proceedings before the National Company Law Tribunal (NCLT) shall inform the concerned Regional Authority (RA) and NCLT of any outstanding export obligations/liabilities under any of the schemes under FTP. The total outstanding duty saved amount / dues along with interest, and any penalty imposed under FTD&R Act, or any other dues, shall be counted as part of the dues to the government against the said firm / company.

Effect of the Notification: A new para has been added in Chapter 2 of Foreign Trade Policy 2015- 20 about the cases referred to the National Company Law Tribunal.

(Issued from File No. 01l94/180/019/AM20/PC-4)

(Bidyut Behari Swain)
Director General of Foreign Trade
Ex-officio Additional Secretary, Government ofIndia
e-mail: [email protected]

       

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