Seizure of goods entered for exportation on account of misdeclaration of quantity, value etc. – provisional release instructions – reg

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....t of India MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE & CUSTOMS Sub: Seizure of goods entered for exportation on account of misdeclaration of quantity, value etc. - provisional release instructions - reg. The undersigned is directed to invite your attention to the above mentioned subject and to state that an issue has been raised as to whether goods entered for exportat....

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....rts, ICDs, etc. It has been observed that such a course of action benefits neither the department nor the exporter. On the contrary, if the consignments are allowed to be exported on a provisional basis, pending completion of investigation and adjudication proceedings, the country would earn valuable foreign exchange and the exporter would get the appropriate price for goods. 3. The matter has be....