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Customs - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Levy of interest for failure to comply with the export ...


Court Rules Interest Can Be Levied for Export Obligation Breach Under Bond Terms Despite Lack of Specific Legislation.

September 21, 2013

Case Laws     Customs     HC

Levy of interest for failure to comply with the export obligation - though, there is no specific provision for demanding interest in case of violation of terms and conditions of the licence issued under the Act, in terms of the bond such interest could be demanded - HC

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