Rate of interest on warehoused goods fixed under Customs Act, with higher rates applying as warehousing duration increases. Fixes tiered interest rates on duty payable at clearance of warehoused goods under the Customs Act, applying the statutory provisions for warehoused goods so that interest increases with warehousing duration: one rate for six to nine months, a higher rate for nine to twelve months, and a further higher rate for storage beyond twelve months.
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Provisions expressly mentioned in the judgment/order text.
Rate of interest on warehoused goods fixed under Customs Act, with higher rates applying as warehousing duration increases.
Fixes tiered interest rates on duty payable at clearance of warehoused goods under the Customs Act, applying the statutory provisions for warehoused goods so that interest increases with warehousing duration: one rate for six to nine months, a higher rate for nine to twelve months, and a further higher rate for storage beyond twelve months.
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