https://www.taxtmi.com/circulars?id=914 Interest under Section 61 is to be calculated with reference to duty payable at time of clearance; specified classes of warehoused goods are exempt from interest at clearance and that exemption extends to goods warehoused before the amendment if not cleared for home consumption; capital goods of 100% EOUs debonded before the amendment remain under the old regime. Field formations must desist from issuing enforceable interest demands at warehousing extension stage; quantification and collection of interest occur at clearance, and existing demand notices are to be processed under waiver guidelines. en-us Fri, 07 Jun 1996 00:00:00 +0530 Thu, 24 Jul 2025 17:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=914 Interest under Section 61 is to be calculated with reference to duty payable at time of clearance; specified classes of warehoused goods are exempt from interest at clearance and that exemption extends to goods warehoused before the amendment if not cleared for home consumption; capital goods of 100% EOUs debonded before the amendment remain under the old regime. Field formations must desist from issuing enforceable interest demands at warehousing extension stage; quantification and collection of interest occur at clearance, and existing demand notices are to be processed under waiver guidelines. Circulars Customs Fri, 07 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/circulars?id=914