https://www.taxtmi.com/caselaws?id=377431 For import-control purposes, the date of bill of lading governs when import is reckoned under the Foreign Trade Policy, and Section 15 of the Customs Act does not control that question. Consignments shipped while the earlier protected position was in force were treated as outside the later import restrictions for detention purposes. Release could be ordered on payment of duty where leviable, or on furnishing bank guarantees where duty impact was neutral, together with a further guarantee linked to invoice value. The cargo regulations were also relied on to prevent rent or demurrage being charged on detained goods in the stated circumstances. en-us Mon, 18 Mar 2019 00:00:00 +0530 Fri, 29 Mar 2019 08:42:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377431 For import-control purposes, the date of bill of lading governs when import is reckoned under the Foreign Trade Policy, and Section 15 of the Customs Act does not control that question. Consignments shipped while the earlier protected position was in force were treated as outside the later import restrictions for detention purposes. Release could be ordered on payment of duty where leviable, or on furnishing bank guarantees where duty impact was neutral, together with a further guarantee linked to invoice value. The cargo regulations were also relied on to prevent rent or demurrage being charged on detained goods in the stated circumstances. Case-Laws Customs Mon, 18 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377431