import duty

Amendment Proposed in union budget 2009-10 in rules related to refund of custom duty on imported goods found to be defective

The Finance Bill proposes introduction of Section 26A in the Customs Act, 1962, so as to comply with the standards under the International Convention on the Simplification and Harmonisation of Customs Procedure (Revised Kyoto Convention). It seeks to provide for refund of import duty paid at the time of clearance of imported goods, capable of [...]
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