https://www.taxtmi.com/caselaws?id=204554 The Supreme Court upheld the High Court's decision, dismissing the appeals and affirming the judgment that the importer was liable for customs duty and interest under Section 72 of the Customs Act. The EPCG Scheme benefits were deemed inapplicable as the goods were considered improperly removed. The Court clarified that duty is computed from the bond period expiry date for goods remaining beyond the permitted period, aligning with the interpretation of Sections 61, 68, and 72. The decision emphasized the conditions for availing duty exemptions and statutory interpretation of warehousing provisions. en-us Mon, 07 Feb 2011 00:00:00 +0530 Mon, 09 Dec 2013 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204554 The Supreme Court upheld the High Court's decision, dismissing the appeals and affirming the judgment that the importer was liable for customs duty and interest under Section 72 of the Customs Act. The EPCG Scheme benefits were deemed inapplicable as the goods were considered improperly removed. The Court clarified that duty is computed from the bond period expiry date for goods remaining beyond the permitted period, aligning with the interpretation of Sections 61, 68, and 72. The decision emphasized the conditions for availing duty exemptions and statutory interpretation of warehousing provisions. Case-Laws Customs Mon, 07 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204554