| Date: |
18-10-2019
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| Notification No: |
Notification No.25/2015-2020
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| Issuing Authority: |
DGFT
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| Type: |
Notification
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| 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).
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|
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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