Laws and Bare Acts of India at MyNation.net

MyNation Foundation Online Law Library

Rule 17 – The Foreign Trade (Development and Regulation) Act,1992

The Foreign Trade (Development and Regulation)

 

17.Confiscation and redemption.—

 

(1) Any imported goods or materials in respect of which –

 

(a) Any condition of the licence , or letter of authority under which they were imported, relating to their utilisation or distribution ; or

 

(b) Any condition, relating to their utilisation or distribution, subject to which they were received from or through an agency recognised by the Central Government; or

 

(c) Any condition imposed under the policy with regard to the sale disposal of such goods or materials, has been, is being, or is attempted to be , contravened, shall together with any package, covering or receptacle in which such goods are found, be liable to be confiscated by the adjudicating authority, and where such goods or materials are so mixed with any other goods or materials that they cannot be readily separated, such other goods or materials shall also be liable to be so confiscated:

 

Provided that where it is established to the satisfaction of the adjudicating authority that any goods or materials which are liable to confiscation under this rule, had been imported for personal use, and not for any trade or industry, such goods, or materials shall not be ordered to be confiscated.

 

(2) The adjudicating authority may permit the redemption of the confiscated goods or materials upon payment of redemption charges equivalent to the market value of such goods or materials.

 

 

Previous | Next

 

The Foreign Trade (Development and Regulation) Act,1992

 

Indian Laws – Bare Acts

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright © 2018 Laws and Bare Acts of India at MyNation.net
×

Free Legal Help just WhatsApp Away

MyNation HELP line

We are Not Lawyers but No Lawyer will give you Advice like We do

Please CLICK HERE to read Rules of Group, If You agree then Message us on Above Number.

We handle Women centric biased laws like False 498A, Domestic Violence(DVACT), Divorce, Maintenance, Alimony, Child Custody, HMA24, 125 CrPc, 307, 313, 376, 377, 406, 420, 506, 509 etc

Web Design BangladeshWeb Design BangladeshMymensingh