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of <h1>Finance Ministry Amends 36 Customs Notifications to Regularize Export Obligation Defaults; Deadline Set for March 31, 2014.</h1> The Ministry of Finance issued Notification No. 46/2013-Customs to amend 36 customs notifications related to export obligations from 1992-2009. This allows authorization holders to regularize defaults in export obligations by paying applicable customs duties and interest, with the interest capped at the duty amount. The process must be completed by March 31, 2014. Cases where the export obligation period is ongoing are excluded. Commissioners are tasked with monitoring these cases for efficient resolution. Monthly reports on the progress of these cases are required from each Chief Commissioner to ensure compliance and track duty payments.
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