The Foreign Trade (Development and Regulation) Act

# 11B Empowering Settlement Commission for regularisation of export obligation default

¹[11B. Empowering Settlement Commission for regularisation of export obligation default.-- Settlement of customs duty and interest thereon as ordered by the Settlement Commission as constituted under section 32 of the Central Excise Act, 1944 (1 of 1944), shall be deemed to be a settlement under this Act.]

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1. Ins. by Act 25 of 2010, s. 13 (w.e.f.27-8-2010).

All sections

Power of Central Government to impose quantitative restrictions

Power relating to search and seizure

Contravention of provisions of this Act, rules, orders and foreign trade policy

11A

Crediting sums realised by way of penalties in Consolidated Fund of India

Penalty or confiscation not to interfere with other punishment

Adjudicating Authority

Giving of opportunity to the owner of the goods (including the goods connected with services or technology), etc

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