https://www.taxtmi.com/acts?id=40970 Where an importer fails to meet conditions for concessional import or specified end use, the customs officer having jurisdiction must invoke the bond and recover: for exemption notifications, the duty difference plus interest at the notified rate from import date to payment date; for other notifications, an amount equal to the assessable value. The importer is responsible for ensuring goods used in jobwork comply with the notification and non compliance permits action under these rules and other applicable law. en-us Mon, 12 Sep 2022 14:41:38 +0530 Mon, 12 Sep 2022 14:41:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40970 Where an importer fails to meet conditions for concessional import or specified end use, the customs officer having jurisdiction must invoke the bond and recover: for exemption notifications, the duty difference plus interest at the notified rate from import date to payment date; for other notifications, an amount equal to the assessable value. The importer is responsible for ensuring goods used in jobwork comply with the notification and non compliance permits action under these rules and other applicable law. Act-Rules Customs Mon, 12 Sep 2022 14:41:38 +0530 https://www.taxtmi.com/acts?id=40970