Warehoused goods- Calculation of customs duty

Customs duty calculation: duty rate for goods cleared after warehousing expiry is determined on payment date.

When goods are cleared from a warehouse after the authorised warehousing period has expired they cease to be warehoused goods and duty for such post-expiry clearances is to be calculated at the rate prevailing on the date of payment of duty; valid extensions filed before expiry preserve the original treatment, while extension requests filed after expiry cannot be granted.