Waiver of interest on warehoused customs duty: consolidated guidelines adopt accessory interest principle and defer enforcement pending use. The Board consolidated prior instructions on waiver of interest on Customs duty for warehoused goods, delegating decision making within monetary limits to Chief Commissioners while requiring Commissionerates to examine requests first and to forward cases beyond delegation to the Board. It lists categories generally eligible for waiver subject to merits and timing conditions (e.g., ex bond clearance, completion of EOU obligations), adopts the Supreme Court ratio treating interest as accessory to the principal, and directs that interest be raised but not enforced until purpose is fulfilled, with waiver decided within six months.
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Waiver of interest on warehoused customs duty: consolidated guidelines adopt accessory interest principle and defer enforcement pending use.
The Board consolidated prior instructions on waiver of interest on Customs duty for warehoused goods, delegating decision making within monetary limits to Chief Commissioners while requiring Commissionerates to examine requests first and to forward cases beyond delegation to the Board. It lists categories generally eligible for waiver subject to merits and timing conditions (e.g., ex bond clearance, completion of EOU obligations), adopts the Supreme Court ratio treating interest as accessory to the principal, and directs that interest be raised but not enforced until purpose is fulfilled, with waiver decided within six months.
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