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of <h1>Customs Circular: Warehousing Interest u/s 61(2) Not Refundable as Customs Duty u/s 27.</h1> The circular issued by the Central Board of Excise & Customs clarifies that warehousing interest levied under Section 61(2) of the Customs Act is distinct from customs duty as defined in Section 2(xv) of the same Act. Consequently, the provisions of Section 27, which pertain to the refund of customs duties, do not apply to the refund of interest recovered under Section 61(2). However, the period specified under the Limitation Act may still be applicable to such refunds.
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