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Rs. 100 Crore Fine For Four Surat Firms For Duty Evasion

Directorate General of Foreign Trade (DGFT) has imposed a Rs. 100-crore penalty on four Surat-based textile companies for misusing Export Promotion of Capital Goods (EPCG) schemes to claim duty-free imports without fulfilling the conditions required. The four companies Nirmal Polyesters Pvt Ltd, Krishna Trading company, Pradeep Kumar Nirmal Kumar Ltd and Meenu Exim Pvt Ltd […]