Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Provisional release of seized imported multifunctional devices...
Provisional release of seized imports requires enhanced duty payment, bank guarantee and disclosures while customs adjudication proceeds independently.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Provisional release of seized imported multifunctional devices pending customs adjudication may be granted subject to payment of Customs-quantified enhanced duty, furnishing a bank guarantee, and providing stipulated transactional disclosures. Such conditional release operates only at the seizure stage and does not prevent Customs from continuing adjudication. The adjudicating authority must independently consider the importer's objections and contentions and determine the matter in accordance with law, without being influenced by the provisional-release arrangement.
Provisional release of seized imported multifunctional devices pending customs adjudication may be granted subject to payment of Customs-quantified enhanced duty, furnishing a bank guarantee, and providing stipulated transactional disclosures. Such conditional release operates only at the seizure stage and does not prevent Customs from continuing adjudication. The adjudicating authority must independently consider the importer's objections and contentions and determine the matter in accordance with law, without being influenced by the provisional-release arrangement.
Note: It is a system-generated summary and is for quick reference only.