All goods, derelict, jetsam, flotsam and wreck brought or coming into India, shall be dealt with as if they were imported into India.

 

These are goods which are not deliberately imported but come into Indian custom area by itself

As per Section 21, even though such goods had not been actually imported, they would be liable to import duty.

 

Exception

No duty is levied if

 it is shown to the satisfaction of proper officer

that they are entitled to be imported duty free

 

What are    derelict ,    j e tsam ,   f l o t s a m    an wr e c k?

Name

Description

Derelict

Cargo or vessel abandoned in sea

Jetsam

Goods jettisoned (thrown) from ship to prevent it from sinking

Flotsam

If goods jettisoned (thrown) which continue to float

Wreck

Cargo/vessel/part of ship which gets to seashore

 

 

 

 

  1. Indirect Tax
  2. Customs
Ask Download

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.