https://www.taxtmi.com/caselaws?id=751862 Warehoused goods remained protected by the warehouse licence until the licence was actually cancelled, and the Customs Act, 1962 does not permit automatic retrospective termination of that licence merely because the underlying Foreign Trade Policy permission had ceased. Cancellation had to follow the statutory procedure under section 58, including notice and hearing; a policy-based process could not displace those safeguards or fasten duty liability as if the goods had been cleared earlier. The impugned order was set aside and the matter remanded for fresh decision in accordance with law. en-us Thu, 25 Apr 2024 00:00:00 +0530 Sat, 27 Apr 2024 07:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751862 Warehoused goods remained protected by the warehouse licence until the licence was actually cancelled, and the Customs Act, 1962 does not permit automatic retrospective termination of that licence merely because the underlying Foreign Trade Policy permission had ceased. Cancellation had to follow the statutory procedure under section 58, including notice and hearing; a policy-based process could not displace those safeguards or fasten duty liability as if the goods had been cleared earlier. The impugned order was set aside and the matter remanded for fresh decision in accordance with law. Case-Laws Customs Thu, 25 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751862