Regularization of export obligation defaults permits duty payment with interest capped at the duty, enabling closure of eligible cases. Notification No. 46/2013-Customs permits authorization holders to regularize bona fide defaults in meeting export obligation by paying the applicable customs duty for the shortfall together with interest, provided the interest paid does not exceed the duty; cases with ongoing export obligation periods are excluded and payment must be completed by the prescribed cutoff.
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.
Provisions expressly mentioned in the judgment/order text.
Regularization of export obligation defaults permits duty payment with interest capped at the duty, enabling closure of eligible cases.
Notification No. 46/2013-Customs permits authorization holders to regularize bona fide defaults in meeting export obligation by paying the applicable customs duty for the shortfall together with interest, provided the interest paid does not exceed the duty; cases with ongoing export obligation periods are excluded and payment must be completed by the prescribed cutoff.
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