https://www.taxtmi.com/caselaws?id=74529 Warehoused goods are chargeable at the rate of duty in force on the date of clearance from the warehouse, because Section 15(b) of the Customs Act, 1962 fixes the relevant rate by reference to actual removal under Section 68. The argument that an initial assessment under Section 17 prevents application of the later rate, and that only provisional assessments under Section 18 can do so, was rejected as a misreading of the statute. The higher rate prevailing on the date of clearance was therefore correctly applied, and the challenge to reassessment failed. en-us Mon, 23 Nov 1987 00:00:00 +0530 Thu, 09 Jun 2011 14:45:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74529 Warehoused goods are chargeable at the rate of duty in force on the date of clearance from the warehouse, because Section 15(b) of the Customs Act, 1962 fixes the relevant rate by reference to actual removal under Section 68. The argument that an initial assessment under Section 17 prevents application of the later rate, and that only provisional assessments under Section 18 can do so, was rejected as a misreading of the statute. The higher rate prevailing on the date of clearance was therefore correctly applied, and the challenge to reassessment failed. Case-Laws Customs Mon, 23 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74529