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[Cites 0, Cited by 2] [Section 143A(2)] [Section 143A] [Entire Act]

Union of India - Subsection

Section 143A(2)(b) in The Customs Act, 1962

(b)where the duty is not so adjusted either for the reason that the goods are not exported within the period specified in the said Advance Licence, or within such extended period not exceeding six months as the [Assistant Commissioner of Customs or Deputy Commissioner of Customs] [may, on sufficient cause being shown, allow, or for any other sufficient reason, the importer shall, notwithstanding anything contained in section 28, be liable to pay the amount of duty not so adjusted together with simple interest thereon at the rate of twelve per cent. per annum from the date the said permission for clearance is given to the date of payment. [Inserted by Act 25 of 1978, Section 17 (w.e.f. 1.7.1978). ]