
Disadvantage under Section 74 of Custom Act 1962
This segment 74 of customs act permits the disadvantage to shipper/s who Re-send out one or the other full or fractional transfer to the unfamiliar providers because of either contingent import or actually unacceptable unrefined substance is gotten and transfer is gotten through installment free from obligations, so the merchants could lose their funds.
The measure of disadvantage is settled on the time of items held by the shipper.
The greatest discount is 95% of obligations paid assuming that the Re-Export is made inside 90 days and least is 60% of obligations paid if Re-Export is made uptill year and a half of Import.
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Wadhwan,
Dist.: Surendarnagar – 363030
Gujarat (India)
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