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<h1>CEGAT Tribunal rules no interest on warehoused goods cleared within time limit</h1> The Appellate Tribunal CEGAT, Mumbai held that interest on warehoused goods is only applicable if they exceed the prescribed warehousing period. As the ... Interest - Warehoused goods The Appellate Tribunal CEGAT, Mumbai ruled that interest on warehoused goods is applicable only if they remain in the warehouse beyond the prescribed period. In this case, the goods ceased to be warehoused in August 1982 when cleared, so no interest is leviable. The appeal was rejected based on this interpretation.
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