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Centre backlists five import firms
S Venkitachalam
NEW DELHI, Aug 6: The government has debarred five firms/individuals and their branches from importing any goods and receiving import licences, customs clearance permits (CCPs) as well as import goods through STC/MMTC or any other similar agency. The period of debarment varies from 12 to 30 months, according to circulars issued in respect of each of these concerns/individuals/their branches by the director-general of foreign trade (DGFT). In the case of the sixth concern/individual and their branches, DGFT has cancelled the import-export code number issued to it for a period of one year. The firms which have been debarred are R L Marya Hosiery, Delhi, Computech International Ltd, Calcutta, Him Engg. Works, Orissa, Compu-Rite (India) Pvt Ltd, Mumbai, and Kanoi Plantation Pvt Ltd, Calcutta. As per the circulars, Him Engg. Works, found guilty of misutilisation of eight replenishment (Rep) licences, has been debarred from April 1, 1997 to March 31, 2000. R N Chatterjee, promoter director, Computech International Ltd had failed to fulfil the condition stipulated in the import licence of making permanent stay in India within two years from the date of obtaining the licence granted to non-resident Indians from DGFT, under Foreign Exchange Scheme. The company has been debarred from May 1, 1997 to April 30, 1999. R L Marya Hosiery has been debarred from July 1, 1997 to December 31, 1998 after finding it guilty of contravening clause 8(i) of the Imports (Control) Order, 1995 end with Section 20(2) of the Foreign Trade (Development and Regulation) Act, 1992 respectively. Besides the debarment, a fiscal penalty of Rs 25 lakh) has been imposed on the company. Compu-Rite (India) Pvt. Ltd has been held guilty of contravening the provisions of Section 4-I of the Imports & Exports Act, 1947 as amended. Hence, the competent authority in exercise of powers vested in him has besides, a fiscal penalty of Rs. 5,00,000 (Rs. five lakh) has been imposed on the firm. The debarment shall not, however, apply to the grant of advance licences, EPCG licences and import of emergency spares. Kanoi Plantation Pvt. Ltd has been held guilty of contravening the provisions of Section 4-I of the Imports & Exports Act, 1947, as amended. The competent authority in exercise of powers vested in him has debarred the firm from July 7, 1997 to March 31, 1999. The authority has also imposed a fiscal penalty of Rs 15 lakh on the company. The debarment shall not however apply to the grant of advance licences, EPCG licences and import of emergency spares. The import-export code No (0588141518) issued to Rare Creations Ltd, New Delhi, has been cancelled for one year from July 14, 1997 under the provisions of Section 8(1)(b) of the Foreign Trade (Development and Regulation Act, 1992. The firm cannot be allowed to undertake any imports of exports during the period of cancellation of the code number. Copyright © 1997 Indian Express Newspapers (Bombay) Ltd.
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