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Export & Import Merchandise

 
Activity: Question posted: 06 01 2008 05:03:52 +0000, 1 answers, 223 views, last activity 07 06 2010 20:18:08 +0000
 
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  Answered by     Murali Nair, Logistics Manager  | 06 02 2008 00:56:45 +0000
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Dear Yaswant,

Your question is not clear, If you fail to submit the Proof of Export,you have to pay the Duty amount with  interest @15% p.a. from the date of removal of goods from the factory.  Submitted but Late  excise officer can fine for the late submission, i think it is 10% of duty amount or 5000/- whichever it higher.

murali nair   murlinair_m@yahoo.com

 
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