https://www.taxtmi.com/caselaws?id=282668 The Foreign Trade Policy treated the Bill of Lading date as the relevant date for reckoning import, so the Customs Act valuation date did not control when import was deemed to occur for the restriction issue. On the admitted facts, the import restrictions did not justify continued detention because the relevant notifications were under interim stay when the consignments were imported, and a prospective policy change could not defeat crystallised transactions. Where cargo was detained by customs, the governing cargo-handling regulation barred rent or demurrage on seized, detained, or confiscated goods, so demurrage was required to be waived and the consignments released subject to compliance conditions. en-us Wed, 27 Feb 2019 00:00:00 +0530 Sun, 18 Aug 2019 08:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282668 The Foreign Trade Policy treated the Bill of Lading date as the relevant date for reckoning import, so the Customs Act valuation date did not control when import was deemed to occur for the restriction issue. On the admitted facts, the import restrictions did not justify continued detention because the relevant notifications were under interim stay when the consignments were imported, and a prospective policy change could not defeat crystallised transactions. Where cargo was detained by customs, the governing cargo-handling regulation barred rent or demurrage on seized, detained, or confiscated goods, so demurrage was required to be waived and the consignments released subject to compliance conditions. Case-Laws Customs Wed, 27 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282668