Extension of warehousing period must be limited and accompanied by interest payment to discourage prolonged storage. Extension of the warehousing period must be granted sparingly only for circumstances beyond importer control; financial difficulty is not sufficient. Second or further extensions should generally be denied but, if unavoidable, must be accompanied by payment of interest on duty for the prior extension, to be adjusted at clearance. Collectors must scrutinise requests, issue public notices, and ensure prompt raising of duty demands with interest and recovery action on expiry, with senior officers periodically reviewing warehouse records.
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.
Extension of warehousing period must be limited and accompanied by interest payment to discourage prolonged storage.
Extension of the warehousing period must be granted sparingly only for circumstances beyond importer control; financial difficulty is not sufficient. Second or further extensions should generally be denied but, if unavoidable, must be accompanied by payment of interest on duty for the prior extension, to be adjusted at clearance. Collectors must scrutinise requests, issue public notices, and ensure prompt raising of duty demands with interest and recovery action on expiry, with senior officers periodically reviewing warehouse records.
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