https://www.taxtmi.com/caselaws?id=117666 The Tribunal held that the premature duty demand, interest, and penalty imposed on warehoused goods by the jurisdictional officer under Sections 72 and 117 of the Customs Act, 1962 were improper. The Tribunal emphasized the necessity for considering extension applications, even if delayed, and criticized confirming duty demand before deciding on the extension application. The case was remanded for a fresh decision considering the extension application and providing depreciation benefits on the goods' clearance value. en-us Wed, 15 Feb 2006 00:00:00 +0530 Mon, 25 Jun 2012 16:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117666 The Tribunal held that the premature duty demand, interest, and penalty imposed on warehoused goods by the jurisdictional officer under Sections 72 and 117 of the Customs Act, 1962 were improper. The Tribunal emphasized the necessity for considering extension applications, even if delayed, and criticized confirming duty demand before deciding on the extension application. The case was remanded for a fresh decision considering the extension application and providing depreciation benefits on the goods' clearance value. Case-Laws Customs Wed, 15 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117666