https://www.taxtmi.com/caselaws?id=4363 The court affirmed the petitioner's right to auction goods under Section 63(2) of the Customs Act to recover warehousing charges. It clarified that customs authorities cannot demand auction proceeds for customs duty under Section 72(1) and prioritized the petitioner's right to recover warehousing charges under Section 150. The encashment of the bank guarantee by customs authorities was deemed unjustified. The court quashed unauthorized demands, directing a refund to the petitioner with interest and costs, imposing penalties for delays, and ordering compliance by a specified date. en-us Wed, 28 Nov 2007 00:00:00 +0530 Mon, 30 Jun 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4363 The court affirmed the petitioner's right to auction goods under Section 63(2) of the Customs Act to recover warehousing charges. It clarified that customs authorities cannot demand auction proceeds for customs duty under Section 72(1) and prioritized the petitioner's right to recover warehousing charges under Section 150. The encashment of the bank guarantee by customs authorities was deemed unjustified. The court quashed unauthorized demands, directing a refund to the petitioner with interest and costs, imposing penalties for delays, and ordering compliance by a specified date. Case-Laws Customs Wed, 28 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4363