https://www.taxtmi.com/circulars?id=897 An audit found loss of customs duty and interest where perishable imported and bonded ship stores remained in warehouse and lost commercial value; the importer relinquished the title and the department failed to extend warehousing periods appropriately or raise demands. The Board directs care in granting extensions for goods with limited shelf life and immediate raising of demands for duty, penalties, rent and interest when warehoused goods are not removed, with detention and sale after due notice if the owner fails to comply, to protect revenue. en-us Wed, 28 Feb 1996 00:00:00 +0530 Fri, 25 Jul 2025 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=897 An audit found loss of customs duty and interest where perishable imported and bonded ship stores remained in warehouse and lost commercial value; the importer relinquished the title and the department failed to extend warehousing periods appropriately or raise demands. The Board directs care in granting extensions for goods with limited shelf life and immediate raising of demands for duty, penalties, rent and interest when warehoused goods are not removed, with detention and sale after due notice if the owner fails to comply, to protect revenue. Circulars Customs Wed, 28 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=897