High Court ruled on Rs. 1 crore penalty for not meeting export obligations. Petitioner used fake bills. Appeal denied.

The High Court addressed a case involving the levy of a fiscal penalty of Rs. 1,00,00,000/- under the EPCG Scheme for failure to submit required documents. The petitioner failed to meet export obligations and maintain Annual Average, using duplicated bills. The penalty was imposed under the Foreign Trade Act, with appeal provisions. The petitioner directly approached the High Court under Article 226 of the Constitution without exhausting the appeal remedy. The Court found the petition lacking in merit and dismissed it. .....

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