Settlement of admitted foreign trade contraventions permits final payment determination for specified non-fraudulent or importer compliance failures. An adjudicating authority may determine a settlement amount when a notice recipient opts for settlement and admits the notified contravention. Settlement ... Summary
Settlement of admitted foreign trade contraventions permits final payment determination for specified non-fraudulent or importer compliance failures.
An adjudicating authority may determine a settlement amount when a notice recipient opts for settlement and admits the notified contravention. Settlement is available for breaches without mens rea, wilful mistake, suppression of facts, collusion, fraud, forgery or intent to cause foreign-exchange loss, and for specified failures of actual-user conditions or export obligations where imported goods were not misutilised. The resulting settlement is final.
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