Who has the authority to place an entity in Denied Entity List (DEL) and what are the restrictions imposed on the entity placed in DEL? Also…
CA Final · Indirect Tax Laws · PYQS · September 2025
Who has the authority to place an entity in Denied Entity List (DEL) and what are the restrictions imposed on the entity placed in DEL? Also enumerate when can the name once placed under DEL be removed from DEL?
Suggested Answer and Working Notes:
An entity may be placed under DEL, by the concerned Regional Authority (or RA) of the DGFT. In such a case: (i) firm may be refused grant or renewal of a licence/ authorization/ certificate/ scrip/ any instrument bestowing financial/ fiscal benefits, and (ii) all new licences, authorisations, scrips, certificates, instruments etc. will be blocked from printing/issue/ renewal. A firm's name can be removed from DEL, by the concerned RA for reasons if the firm completes Export Obligation/ pays penalty/fulfils requirement of demand notice(s) issued by the RA/submits documents required by the RA.
Topics: Foreign Trade Policy
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