Para 7.14.2
- Document type
- Procedure
- Reference no.
- 07
- Dated
Monitoring of performance
Monitoring of performance 7.14.2
Failure to ensure positive NFE or to abide by any of the terms and conditions of the LOP/LUT shall render the unit liable to penal action under the provisions of the Foreign Trade (Development & Regulation) Act, 1992 and the Rules and Orders made thereunder without prejudice to action under any other law/rules and cancellation or revocation of LOP.
Failure to ensure positive NFE or to abide by any of the terms and conditions of the LOP/LUT shall render the unit liable to penal action under the provisions of the Foreign Trade (Development & Regulation) Act, 1992 and the Rules and Orders made thereunder without prejudice to action under any other law/rules and cancellation or revocation of LOP.