Court Rules Interest Can Be Levied for Export Obligation Breach Under Bond Terms Despite Lack of Specific Legislation.

Court Rules Interest Can Be Levied for Export Obligation Breach Under Bond Terms Despite Lack of Specific Legislation. https://www.taxtmi.com/highlights?id=14662 Levy of interest for failure to comply with the export obligation - though, there is no specific provision for demanding interest in case of violation of terms and conditions of the licence issued under the Act, in terms of the bond such interest could be demanded - HC en-us Sat, 21 Sep 2013 13:28:30 +0530 Sat, 21 Sep 2013 13:28:30 +0530 TaxTMI RSS Generator Court Rules Interest Can Be Levied for Export Obligation Breach Under Bond Terms Despite Lack of Specific Legislation. https://www.taxtmi.com/highlights?id=14662 Levy of interest for failure to comply with the export obligation - though, there is no specific provision for demanding interest in case of violation of terms and conditions of the licence issued under the Act, in terms of the bond such interest could be demanded - HC Highlights Customs Sat, 21 Sep 2013 13:28:30 +0530 https://www.taxtmi.com/highlights?id=14662