Levy of Interest under Section 47(2) of the Customs Act, 1962 for delayed payment of duty in respect of clearance of goods from a bonded warehouse - Reg.

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Interest under Section 47(2) not applicable to ex-bond clearances; warehousing interest governed by Section 61. Interest under Section 47(2) applies to delayed payment of duty where goods are entered for home consumption under Section 47(1); it does not apply to clearances made under Section 68 for warehoused goods. Interest on warehoused goods is governed by Section 61(2)
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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 under Section 47(2) not applicable to ex-bond clearances; warehousing interest governed by Section 61.

Interest under Section 47(2) applies to delayed payment of duty where goods are entered for home consumption under Section 47(1); it does not apply to clearances made under Section 68 for warehoused goods. Interest on warehoused goods is governed by Section 61(2)

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Levy of Interest under Section 47(2) of the Customs Act, 1962 for delayed payment of duty in respect of clearance of goods from a bonded warehouse - Reg.

Interest under Section 47(2) not applicable to ex-bond clearances; warehousing interest governed by Section 61.

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Interest under Section 47(2) not applicable to ex-bond clearances; warehousing interest governed by Section 61.

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