https://www.taxtmi.com/caselaws?id=326025 The appeal was rejected as the Tribunal upheld the first appellate authority's decision that duty liability on warehoused goods should be determined based on the prevailing rate at the time of clearance from the Customs bonded warehouse. Since the bond for storage of the goods had expired, the provisions of Section 15 of the Customs Act were deemed inapplicable, leading to the rejection of the appellant's contention. The impugned order was upheld as valid and legally sound, with no defects noted, resulting in the dismissal of the appeal. en-us Tue, 02 Feb 2016 00:00:00 +0530 Fri, 10 Feb 2017 17:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326025 The appeal was rejected as the Tribunal upheld the first appellate authority's decision that duty liability on warehoused goods should be determined based on the prevailing rate at the time of clearance from the Customs bonded warehouse. Since the bond for storage of the goods had expired, the provisions of Section 15 of the Customs Act were deemed inapplicable, leading to the rejection of the appellant's contention. The impugned order was upheld as valid and legally sound, with no defects noted, resulting in the dismissal of the appeal. Case-Laws Customs Tue, 02 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326025