Navigating Trade Restrictions: India's Stance on North Korea Exports and Imports

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..... on This article provides an analysis of the Customs Trade Notice - Public Notice No. 09/2024 dated 12 February 2024, issued by the Office of the Principal Commissioner of Customs, India. This notice is of significant legal importance as it addresses the complex issue of imports from and exports to North Korea, highlighting India's adherence to international trade sanctions and its efforts to r .....

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..... iance and Penalties : The notice elaborates on the repercussions of non-compliance, including penalties under the Customs Act, 1962 . It serves as a warning to ensure accurate data submission regarding the country of origin and destination in trade documentation. Enforcement and Corrective Actions : The notice details the enforcement measures to be taken for violations, including the requirement f .....

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..... t to enforcing international trade sanctions and protecting national security interests. Conclusion The Customs Trade Notice - Public Notice No. 09/2024 is a pivotal legal document that reinforces India's commitment to international trade norms and sanctions against North Korea. It serves as a stern reminder for all trade stakeholders to ensure compliance with the prohibitions outlined, emphas .....

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