https://www.taxtmi.com/caselaws?id=285271 Duty debited through DEPB scrips is treated as payment of customs duty, not as a duty-free clearance or exemption, so the liability to interest under Section 61(2) of the Customs Act arises when warehoused goods are cleared beyond the permitted period. The court distinguished the DEEC scheme, where clearance is duty free, from the DEPB scheme, where the scrip is only a mode of discharging duty. On that basis, goods cleared under DEPB remained duty-paid goods, and delayed clearance attracted statutory interest. The challenge to the demand failed. en-us Thu, 24 Sep 2009 00:00:00 +0530 Mon, 06 Jan 2020 10:56:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285271 Duty debited through DEPB scrips is treated as payment of customs duty, not as a duty-free clearance or exemption, so the liability to interest under Section 61(2) of the Customs Act arises when warehoused goods are cleared beyond the permitted period. The court distinguished the DEEC scheme, where clearance is duty free, from the DEPB scheme, where the scrip is only a mode of discharging duty. On that basis, goods cleared under DEPB remained duty-paid goods, and delayed clearance attracted statutory interest. The challenge to the demand failed. Case-Laws Customs Thu, 24 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285271