Interest on extended warehousing triggers duty-based interest from expiry until payment under Customs Act provisions. Interest is chargeable where specified warehoused goods remain beyond the permissible storage period after an administrative order; interest applies on the duty payable at clearance from the expiry of the storage term until payment of duty, at the rate fixed by the Central Government under the statutory rate-fixing provision.
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Provisions expressly mentioned in the judgment/order text.
Interest on extended warehousing triggers duty-based interest from expiry until payment under Customs Act provisions.
Interest is chargeable where specified warehoused goods remain beyond the permissible storage period after an administrative order; interest applies on the duty payable at clearance from the expiry of the storage term until payment of duty, at the rate fixed by the Central Government under the statutory rate-fixing provision.
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