Import Violation: Fine and Penalty Reduced for Breaching Foreign Trade Policy Minimum Import Price Without Revenue Loss.

Redemption fine and penalty - There is indeed violation of Foreign Trade Policy that despite the minimum import price fixed by the DGFT, the appellant have imported the goods which is carrying the value below minimum import price, therefore, they have violated the condition - however, this violation does not result into any Revenue loss - fine and penalty reduced. .....

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