Penalty for late submission ( after three months)
This query is : Resolved
Pravinchandra Waghanna
(Querist)
19 January 2020
Dear sir,
In one import consignment I have late submitted my import evidence to bank as I have received import documents late in turn late clearing of goods and late submission of the import evidence. I would like to know whether there is any penalty for late submission ( after three months of remittance ) of import evidence to bank after import of goods. if yes how much it is ?
In one import consignment I have late submitted my import evidence to bank as I have received import documents late in turn late clearing of goods and late submission of the import evidence. I would like to know whether there is any penalty for late submission ( after three months of remittance ) of import evidence to bank after import of goods. if yes how much it is ?
27 January 2020
No, there is no any penalty is to be levied ad per FEMA
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