Customs liability on failure to export: Federation and importer jointly liable for duties and interest; limited cap on Federation's liability. The notification inserts a clause making the Federation and the importer jointly and severally liable to pay customs duties and applicable interest if goods are not exported within the prescribed period, with the Federation's liability capped at not more than ten per cent above the duties, and excluding Federation liability where goods are lawfully sold or disposed of in India on payment of duties as on import. It also removes references to Schedule III, omits two conditions in the first paragraph, expands Schedule II wording and adds entries for official displays/demonstrations and meetings or conferences.
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Provisions expressly mentioned in the judgment/order text.
Customs liability on failure to export: Federation and importer jointly liable for duties and interest; limited cap on Federation's liability.
The notification inserts a clause making the Federation and the importer jointly and severally liable to pay customs duties and applicable interest if goods are not exported within the prescribed period, with the Federation's liability capped at not more than ten per cent above the duties, and excluding Federation liability where goods are lawfully sold or disposed of in India on payment of duties as on import. It also removes references to Schedule III, omits two conditions in the first paragraph, expands Schedule II wording and adds entries for official displays/demonstrations and meetings or conferences.
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