The Foreign Trade (Development and Regulation) Act, 1992 · IV — SEARCH, SEIZURE, PENALTY AND CONFISCATION

Section 11B. Empowering Settlement Commission for regularisation of export obligation default

In force · As amended up to 2026-08

11B. Empowering Settlement Commission for regularisation of export obligation default .— Settlement of customs duty and interest thereon as ordered by the Settlement Commission as constituted under section 32 of the Central Excise Act, 1944 (1 of 1944), shall be deemed to be a settlement under this Act.]

Source: India Code