Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms SMS News Articles
D. Forum
What's New


Discussions Forum
Home Forum Customs - Import - Export - Customs - SEZ This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

EXPORT TO IRAN AND US SACNTION, Customs - Import - Export - Customs - SEZ

Issue Id: - 115986
Dated: 6-2-2020

  • Contents

Dear All Experts,

My client do export chemical goods to Iran since last 1 year and we managed UCO Bank in india for receiving its payment but now due to some stringent US Tariff sanction applied on Indian country, our UCO Bank denied any payment from iran. They informally said that they would have balance upto 30th Apr 2020 but they don't assure us for payment of current shipping order with our iran buyer. Can we make WRIT to High Court about our pending payment to be released from UCO Treasury office, Mumbai. We contact to our Treasury officer at Mumbai, he asked us not to engaged in further deal with iran. He don't give us written undertaking that they will make us payment. My question is whether US Sanction is applied to Indian country specifically for Chemical goods and if so, can i know its legal validity through any written document?

Pls guide me if anyone has any refrence to support my issue.

Post Reply

Posts / Replies

Showing Replies 1 to 1 of 1 Records

1 Dated: 5-5-2020

UN and USA both put sactions on IRAN, therefore, valid. you may file writ petition but there will be no use.


Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||