https://www.taxtmi.com/forum/issue?id=109833 Penalty depends on whether an extension application was filed before expiry. The regime allows payment of duty and interest for delayed removal and the proviso contemplates holding goods beyond the term on payment of interest without automatic violation; if no extension application is filed before expiry, department may order removal and demand duty, interest and penalty, while an application made prior to expiry appears to obviate penalty. en-us Sat, 06 Feb 2016 15:07:16 +0530 Thu, 23 Jan 2025 15:56:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109833 Penalty depends on whether an extension application was filed before expiry. The regime allows payment of duty and interest for delayed removal and the proviso contemplates holding goods beyond the term on payment of interest without automatic violation; if no extension application is filed before expiry, department may order removal and demand duty, interest and penalty, while an application made prior to expiry appears to obviate penalty. Discussion-Forum Customs Sat, 06 Feb 2016 15:07:16 +0530 https://www.taxtmi.com/forum/issue?id=109833