Memorandum particulars require specified notified goods, buyer/seller details and customs permission for sale or transfer. The memorandum under Section 11G must state the notified goods, purchaser's name and address, time and date of sale or transfer, and seller/transferor's ... Summary
Memorandum particulars require specified notified goods, buyer/seller details and customs permission for sale or transfer.
The memorandum under Section 11G must state the notified goods, purchaser's name and address, time and date of sale or transfer, and seller/transferor's name, address and signature. If market price has not fallen below two thirds of new value due to use, the memorandum must also record the gazetted Customs officer's permission or the order number and date evidencing Customs clearance on payment of a fine in lieu of confiscation.
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