Section 11(2) of FT Act: No Penalty if no allegation of contravention of export or import provisions: SC

Embio Limited Vs Director General of Foreign Trade & Ors. (Supreme Court of India) In the case of Emmio Limited vs. Director General of Foreign Trade & Ors., the Supreme Court of India addressed the imposition of a penalty under Section 11(2) of the Foreign Trade (Development and Regulation) Act, 1992 (FT Act) on the appellant, formerly known as Emmellen Biotech Pharmaceuticals Limited. The appellant had challenged a penalty of Rs. 23,38,882 imposed under Section 11(2) of the FT Act through a Writ Petition under Article 226 of the Constitution before the Karnataka High Court. This Writ...