FIEO asks finance ministry to take a look at 'harsh' provision in Budget for exporters

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FIEO asks finance ministry to take a look at 'harsh' provision in Budget for exporters
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, ET Bureau
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Synopsis

A sub-section is proposed to be inserted in Section 113, which states that goods would be liable for confiscation if products entered for exportation under claim of remission or refund of any duty or tax or levy make a 'wrongful claim' in contravention of the provisions of this Act.