Fta agreement
Sathish
(Querist) 18 February 2013
This query is : Resolved
Hi,
If customs rejects or raises a query for FTA benefit availment (after 30 shipment), if we unable to convience the custom
with valid proof or document within 60 days (as per rules), what will be penalty and insterest.
whether we need to pay the difference of duty for last 30 shipment
what is the penalty and interest we need to pay
what legal consequence we need to face
even the issue is with supplier (exporter), whether we need to bare the above interests and penalty.
Regards
Sathish K
ajay sethi
(Expert) 18 February 2013
customs will issue a show cause notice . you will have to contest the SCN . engage a local lawyer and fight case on merits . after personal hearing demand may be confirmed or set aside .
Sathish
(Querist) 18 February 2013
Thanks for your reply,
But what will be the penalty
Regards
Sathish K
Raj Kumar Makkad
(Expert) 19 February 2013
The amount of the penalty cannot be anticipated.
