amounts. The relevant waiver clause reads thus: “(ii) To waive the customs duty payable of Rs. 33.30 lakhs payable on account of non- fulfillment of export obligation and Rs.44.40 lakhs towards interest accrued up to May 31st 2002.” Thus, on its plain reading, a customs duty waiver was granted. 11. We have perused the Order-in-Original passed by the third respondent, which levied the impugned penalty of Rs. 23,38,882/—. The Order-in-Original records that Karnataka Biotics did not comply with the export obligation under the license granted under the FT Act. Therefore, the penalty was Civil Appeal @ SLP(C) 4974 of 2021 Page 6 of 8imposed specifically under Section 11 (2). Thus, the waiver granted under the rehabilitation scheme is of no assistance to the appellant as it was only of the customs duty. 12. Section 11 of the FT Act reads thus: “11. Contravention of provisions of this Act, rules, orders and foreign trade policy.—(1) No export or import shall be made by any person except in