https://www.taxtmi.com/caselaws?id=252165 The Tribunal dismissed the appeal, holding that once the warehousing period has expired, the goods are deemed to be improperly removed from the warehouse and cannot be considered as warehoused goods. The appellants are required to pay duty under Section 72(1)(b) of the Customs Act, 1962, irrespective of their intention to relinquish the title. The Tribunal also noted that the appellant's letter for relinquishing the title was sent more than ten years after the expiry of the warehousing period, and the second proviso to Section 68, introduced on 18.4.2006, prevents relinquishment where an offense appears to have been committed. The appeal was dismissed, and the duty, interest, and penalties were upheld. en-us Thu, 21 Aug 2014 00:00:00 +0530 Mon, 12 Jan 2015 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252165 The Tribunal dismissed the appeal, holding that once the warehousing period has expired, the goods are deemed to be improperly removed from the warehouse and cannot be considered as warehoused goods. The appellants are required to pay duty under Section 72(1)(b) of the Customs Act, 1962, irrespective of their intention to relinquish the title. The Tribunal also noted that the appellant's letter for relinquishing the title was sent more than ten years after the expiry of the warehousing period, and the second proviso to Section 68, introduced on 18.4.2006, prevents relinquishment where an offense appears to have been committed. The appeal was dismissed, and the duty, interest, and penalties were upheld. Case-Laws Customs Thu, 21 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252165