Supreme Court quashes penalty for non-fulfillment of export obligation under FT Act: M/S. Embio Limited vs. Director General of Foreign Trade & Ors. (2024) INSC 408 (13 May 2024)
Supreme Court quashes penalty for non-fulfillment of export obligation under FT Act: M/S. Embio Limited vs. Director General of Foreign Trade & Ors. (2024) INSC 408 (13 May 2024) LEGAL ISSUE: Whether a penalty can be imposed under Section 11(2) of the Foreign Trade (Development and Regulation) Act, 1992 for non-fulfillment of export obligations under […]