Rs. 50 Lakh DGFT Penalty and Document Submission Failure attributable to DRI: Delhi HC allows Petitioner Extension of Time [Read Order]

The penalty was originally levied against a petitioner who had allegedly failed to meet export obligations mandated by an Advance Authorisation Licence

By Manu Sharma - On August 26, 2024 1:49 pm - 2 mins read

Lakh DGFT Penalty Document Submission - Failure attributable DRI - Delhi HC - Petitioner Extension - Time - TAXSCAN

In a significant development, the Delhi High Court has intervened in a case involving the Directorate General of Foreign Trade ( DGFT ), quashing a hefty penalty of Rs. 50,00,000 imposed under the Foreign Trade (Development & Regulation) Act, 1992. The penalty was originally levied against a petitioner who had allegedly failed to meet export…

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