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<h1>No Interest Charged on Imported Crude Stored in Underground Caverns per Customs Notification 147/2015-CUSTOMS (N.T.</h1> The Central Board of Excise and Customs, under the Ministry of Finance, has issued Notification No. 147/2015-CUSTOMS (N.T.) on December 23, 2015. This notification specifies that no interest will be charged on the class of goods identified as 'crude' when imported and stored in underground rock caverns. This decision is made under the authority of the Customs Act, 1962, and is deemed necessary in the public interest.
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