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Customs - Highlights / Catch Notes

Home Highlights December 2016 Year 2016 This

When the bond does not contain the terms of payment of interest, ...


Bond Without Explicit Interest Terms Bars Interest Recovery Despite Duty Condition per Notification.

December 30, 2016

Case Laws     Customs     AT

When the bond does not contain the terms of payment of interest, recovery of interest cannot be made, despite there is a condition of executing the bond not only for the duty but also for the interest, in terms of notification - AT

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