https://www.taxtmi.com/caselaws?id=269352 Interest on warehoused imported goods cleared to the domestic tariff area is payable only where goods are retained beyond the permitted warehousing period or where duty payment is delayed. Goods cleared within the permitted period after voluntary duty payment do not attract interest because there is no unauthorized retention, payment default, or contravention of the warehousing provisions. Penalty likewise does not arise in the absence of a breach or delayed payment of duty. The applicable circular supports this interpretation, with the result that demands for both interest and penalty are unsustainable in these circumstances. en-us Fri, 04 Dec 2015 00:00:00 +0530 Wed, 19 Oct 2016 15:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269352 Interest on warehoused imported goods cleared to the domestic tariff area is payable only where goods are retained beyond the permitted warehousing period or where duty payment is delayed. Goods cleared within the permitted period after voluntary duty payment do not attract interest because there is no unauthorized retention, payment default, or contravention of the warehousing provisions. Penalty likewise does not arise in the absence of a breach or delayed payment of duty. The applicable circular supports this interpretation, with the result that demands for both interest and penalty are unsustainable in these circumstances. Case-Laws Customs Fri, 04 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269352