Court Orders Provisional Release of Seized Export Goods; Requires Bond Equal to Goods' Value, No Duty or Penalty Needed.

Court Orders Provisional Release of Seized Export Goods; Requires Bond Equal to Goods' Value, No Duty or Penalty Needed. https://www.taxtmi.com/highlights?id=60793 Rejection of application for provisional release of the seized warehoused goods - The warehoused goods which are meant for export only must be released provisionally by accepting only a bond of the total value of the goods, accordingly, we direct the concerned respondent to release the goods provisionally on execution of only a bond for full value of the goods and the same shall be allowed to be exported without any payment of duty, fine, penalty. - AT en-us Mon, 06 Dec 2021 09:35:39 +0530 Mon, 06 Dec 2021 09:35:39 +0530 TaxTMI RSS Generator Court Orders Provisional Release of Seized Export Goods; Requires Bond Equal to Goods' Value, No Duty or Penalty Needed. https://www.taxtmi.com/highlights?id=60793 Rejection of application for provisional release of the seized warehoused goods - The warehoused goods which are meant for export only must be released provisionally by accepting only a bond of the total value of the goods, accordingly, we direct the concerned respondent to release the goods provisionally on execution of only a bond for full value of the goods and the same shall be allowed to be exported without any payment of duty, fine, penalty. - AT Highlights Customs Mon, 06 Dec 2021 09:35:39 +0530 https://www.taxtmi.com/highlights?id=60793