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of <h1>Importers and Exporters Face Penalty Up to 50,000 for Violating Customs Regulation 7, 2018</h1> Regulation 7 of the Customs (Finalisation of Provisional Assessment) Regulations, 2018, stipulates that any importer, exporter, their authorized representative, or Customs Broker who contravenes or abets the contravention of these regulations, or fails to comply with them, may face a penalty of up to fifty thousand rupees.
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