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Customs - Highlights / Catch Notes

Home Highlights August 2018 Year 2018 This

Redemption fine and penalty - There is indeed violation of ...

Customs

August 7, 2018

Redemption fine and penalty - There is indeed violation of Foreign Trade Policy that despite the minimum import price fixed by the DGFT, the appellant have imported the goods which is carrying the value below minimum import price, therefore, they have violated the condition - however, this violation does not result into any Revenue loss - fine and penalty reduced.

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