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of <h1>India's Customs Notice 09/2024: Strict Trade Regulations with North Korea, Emphasizing Sanctions and Compliance Penalties.</h1> The Customs Trade Notice No. 09/2024, issued by India's Principal Commissioner of Customs, addresses the regulation of trade with North Korea, emphasizing adherence to international sanctions. It references the Directorate General of Foreign Trade Notification and highlights the prohibition of specific transactions to prevent the proliferation of weapons of mass destruction. The notice warns of penalties for non-compliance under the Customs Act, 1962, and stresses the importance of accurate trade data submission. It mandates stakeholders to review trade practices to avoid unauthorized transactions, reinforcing India's commitment to international trade norms and national security.
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