Interest-free period for warehoused goods begins on deposit, with interest accruing after the statutory period. The 90-day interest-free period for warehoused goods begins on the date of deposit of goods in the warehouse; interest is chargeable only if goods remain beyond that period and accrues from the expiry of those ninety days until payment of duty under section 15, and implementation difficulties may be reported to the Board.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest-free period for warehoused goods begins on deposit, with interest accruing after the statutory period.
The 90-day interest-free period for warehoused goods begins on the date of deposit of goods in the warehouse; interest is chargeable only if goods remain beyond that period and accrues from the expiry of those ninety days until payment of duty under section 15, and implementation difficulties may be reported to the Board.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.