Incorporation of new provision in the Foreign Trade Policy 2015-20 about cases referred to National Company Law Tribunal (NCLT). - 25/2015-2020 - Foreign Trade Policy

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 18 October 2019 Subject: Incorporation of new provision in the Foreign Trade Policy 2015-20 about cases referred to National Company Law Tribunal (NCLT). S.O. 3752 (E): - In exercise of powers conferred by Section 5 of FT(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. (Bidyut Behari Swain) Director General of Foreign Trade Ex-officio Additional Secretary, Government of India e-mail: [email protected] (Issued from File No. 01/94/180/019/AM20/PC-4)