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Working group

Working group, means the group constituted by the Reserve Bank for the purpose of considering proposals of export of goods and services on deferred payment terms or in execution of a turnkey project or a civil

In the course of

In the course of, the series of transactions which necessarily precede export or import of goods will come within the purview of this clause, State of Travancore-Cochin v. Bombay Company

Exim bank

Exim bank, means the Export-Import Bank of India established under s. 3. [Export- Import Bank of India Act, 1981 (28 of 1981), s.

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Drawback

'drawback' means the repayment of duties or taxes previously charged on commodities, from which they are relived on exportation, State of Uttar Pradesh v. Delhi Cloth Mills, (1991) 1 SCC 454 (468). The term used in commerce

Smuggle

To import or export secretly contrary to the law to import or export without paying the duties imposed by law as to

Bill of entry

goods entered at the Custom House, both inwards and outwards. It must state the name of the merchant exporting or importing, the quantity and species of merchandise, and whither transported, and whence. Also the name of a

Nonexportation

A failure of exportation a not exporting of commodities

Things done

legal effects and consequences projected into the post-merger period, Universal Imports Agency v. Chief Controller of Imports and Exports, AIR 1961 SC 41 (47): (1961) 1 SCR 305. [French Establishments (Application of Laws) Order (1954) Para 6]

Custom-house

Custom-house, the house or office where commodities are entered for importation or exportation; where the duties, bounties, or drawbacks payable or receivable upon such importation or exportation are paid or received;

Full amount payable by the foreign buyer in resect of the goods

mean merely the total amount which is due from the foreign buyer in respect of the goods actually exported; and what would be due from a foreign buyer has to be merely the price which he has

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