We are here to fight against any violance with experience
In 2022, Socio Biotech, a company involved in the import-export business in India, faced a cancellation of their import-export license by the Directorate General of Foreign Trade (DGFT) Department. The reason for the cancellation is unclear, but it may have been due to a violation of import-export regulations or a failure to comply with licensing requirements.
Cancellation of an import-export license can have serious consequences for a business, including the inability to import or export goods and the loss of revenue. In this case, however, the company was able to retrieve their license and win the case.
It’s not clear what strategies or arguments were used to win the case, but it’s likely that the company worked with legal experts to build a strong case in their favor. This may have involved gathering evidence of compliance with regulations, addressing any areas of non-compliance, and demonstrating the importance of the license to the company’s operations.
Overall, this case highlights the importance of compliance with import-export regulations and licensing requirements, as well as the need for companies to be prepared to defend themselves in the event of a licensing dispute. With the right legal expertise and a commitment to compliance, businesses can protect their ability to operate in the global marketplace.
