https://www.taxtmi.com/caselaws?id=119657 The court allowed the Revenue's appeal against the rejection of waiver of interest on goods warehoused beyond the stipulated time period. The court held that interest payment on such goods is mandatory post-amendment in accordance with Section 59(b) of the Customs Act. The judgment clarified that interest is payable on warehoused goods from the expiry of the stipulated period until clearance, as per Section 61(2). Therefore, the respondents were deemed liable to pay the interest as demanded by the original authority, setting aside the earlier order and upholding the interest payment requirement. en-us Fri, 05 May 2006 00:00:00 +0530 Thu, 12 Jul 2012 13:55:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119657 The court allowed the Revenue's appeal against the rejection of waiver of interest on goods warehoused beyond the stipulated time period. The court held that interest payment on such goods is mandatory post-amendment in accordance with Section 59(b) of the Customs Act. The judgment clarified that interest is payable on warehoused goods from the expiry of the stipulated period until clearance, as per Section 61(2). Therefore, the respondents were deemed liable to pay the interest as demanded by the original authority, setting aside the earlier order and upholding the interest payment requirement. Case-Laws Customs Fri, 05 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119657