Customs Act, 1962 — Chapter IVB: Prevention or Detection of Illegal Export of Goods
11M. Steps to be taken by persons selling or transferring any specified goods
Except where payment is received by cheque drawn by the purchaser, every person who sells or transfers specified goods within a specified area shall obtain, on his copy of the sale or transfer voucher, the signature and full postal address of the recipient and take reasonable steps to satisfy himself as to the recipient’s identity. If, on inquiry, the purchaser or transferee is found not readily traceable or fictitious, it shall be presumed, unless the contrary is proved, that the goods have been illegally exported and that the seller/transferor was concerned in such illegal export. Proviso: does not apply to petty sales (aggregate market price up to ₹2,500 in a day) — a “petty sale” being a sale not exceeding ₹1,000.
