Exporter liable to pay fine for violation of terms of DFCE Scheme

M/s Kanak Exports Through Its Proprietor Mr. Satish Bansal Vs Union Of India And Ors. (Delhi High Court) The issue under consideration is whether the imposition of cost of one lakh rupees on an exporter for the blatant violation of the Duty-Free Credit Entitlement Scheme (DFCE) is justified in law? It is observed that the decision of the Gujarat High Court in a similar case of  Adani Exports Ltd. Wherein the High Court concluded that the main purpose of the Notification dated January 28, 2004, was to prevent the transfer of the export orders from one group company to another company belonging...