https://www.taxtmi.com/notifications?id=119637 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. en-us Wed, 05 Oct 2016 00:00:00 +0530 Fri, 07 Oct 2016 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119637 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. Notifications Customs Wed, 05 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119637