But what about settlement Commission?
While congratulating DGFT for the prompt response, we would like to bring to the notice of DGFT and CBEC another major issue which also we had covered some time back.
The new Foreign Trade Policy stipulates that cases under it can be considered by the Settlement Commission w.e.f from 1.4.2005. We had pointed out that the Board vide Circular no. , Dated 20th August '2002 had opined that Settlement Commission had no jurisdiction to entertain cases in relation to export obligation. But the Settlement Commission had been admitting and settling such cases. Now the Foreign Trade Policy empowers this. We hope that the DGFT who was prompt in issuing the cenvat clarification will in consultation with CBEC clarify this position at least before April 2005.