https://www.taxtmi.com/caselaws?id=236329 Custodial loss of imported goods was treated as negligence where the authority retained the consignments, no material supported alleged misappropriation by the importer, and no notice of intended auction was issued. On limitation, Article 72 of the Limitation Act, 1963 was held inapplicable because it is confined to acts or omissions bona fide done in pursuance of statutory authority; a mere failure to safeguard goods in custody does not qualify. The residuary limitation period under Article 113 therefore applied, and the suit was not time-barred. Liability for the lost goods with interest was sustained. en-us Fri, 17 Aug 2012 00:00:00 +0530 Fri, 23 Aug 2013 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236329 Custodial loss of imported goods was treated as negligence where the authority retained the consignments, no material supported alleged misappropriation by the importer, and no notice of intended auction was issued. On limitation, Article 72 of the Limitation Act, 1963 was held inapplicable because it is confined to acts or omissions bona fide done in pursuance of statutory authority; a mere failure to safeguard goods in custody does not qualify. The residuary limitation period under Article 113 therefore applied, and the suit was not time-barred. Liability for the lost goods with interest was sustained. Case-Laws Customs Fri, 17 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236329