Delhi HC Grants Extension for Rs. 50 Lakh DGFT Penalty Due to DRI Delay

Chintamani Sharma And Sons Vs Union of India & Ors. (Delhi High Court) In the case of Chintamani Sharma And Sons Vs Union of India & Ors., the Delhi High Court addressed a petition challenging a Rs. 50 lakh penalty imposed by the Directorate General of Foreign Trade (DGFT) on the petitioner under the Foreign Trade (Development & Regulation) Act, 1992. The penalty was levied due to the petitioner’s failure to meet export obligations under an Advance Authorisation License obtained for importing copper rods for manufacturing and exporting copper wire. The petitioner argued that the ...