TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Importers Face Recovery Actions for Non-Compliance with Rule 7 and Duty Underpayment by Customs Authorities.</h1> In cases where an importer fails to comply with conditions under Rule 7 or underpays the required duty, the Deputy or Assistant Commissioner of Customs will initiate recovery proceedings. This involves invoking the bond to recover the difference between the duty exempted and the duty paid at importation, plus interest from the import date until full payment. Importers must ensure imported goods are used per the exemption notification. Failure to do so will lead to action by the Customs authorities, in addition to any other legal actions permissible under current laws.
TaxTMI 
TaxTMI 
