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Drawback-penalty

Customs - Started By: - arbs sarma - Dated:- 6-5-2016 Last Replied Date:- 9-5-2016 - Dear sirsWe offered discounts to foreign customers subsequent to export which resulted in short realisation of export proceeds. During audit on being pointed out by .....

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vision for imposition of penalty in case if the excess DBK with interest from the date of sanction to the date of payment of such excess DBK.However, you can better ask the officers under what Rule, they are asking you to pay penalty.Best RegardsSury .....

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ection 78 respectively can be invoked for recovery and imposition of penalty. Similarly, if excess drawback is sanctioned because of assessee's error, SCN can be issued for penalty under Sections 114 A and 114 AA of the Customs Act, 1962 after al .....

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