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Entities Face Penalties for Unsettled Export Proceeds; Adjudication Process Ensures Fair Hearings for Defaulters.
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....The Customs Trade Notice No. 13/2024 addresses the issue of non-realization of export proceeds by certain entities listed as defaulters. These entities have been served with Demand cum Show Cause Notices (SCNs) for availing ineligible drawback, along with applicable interest and penalties. - By initiating adjudication proceedings and providing multiple opportunities for Personal Hearings, the authorities ensure due process and fair treatment for the accused entities.....