Transfer of shipping documents: authorised dealers must obtain a constituent's declaration, making them the exporter for the document value. Regulation 12 permits an authorised dealer to accept shipping documents for negotiation or collection from a constituent who has not signed the Regulation ... Summary
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Transfer of shipping documents: authorised dealers must obtain a constituent's declaration, making them the exporter for the document value.
Regulation 12 permits an authorised dealer to accept shipping documents for negotiation or collection from a constituent who has not signed the Regulation 3 declaration only after requiring that constituent to sign the declaration where the declared value matches or is less than the value in the documents; the signing constituent is bound by the declaration and treated as the exporter for the full value shown in the documents.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.