https://www.taxtmi.com/caselaws?id=759370 The CESTAT Ahmedabad set aside a customs demand for interest and penalty following destruction of warehoused goods by fire. The appellant warehouse keeper had already paid customs duty of Rs. 2,76,52,609 on destroyed goods but challenged the additional interest demand of Rs. 93,43,881. The tribunal held that destruction by fire cannot be treated as "removal" under Sections 71 and 73A of the Customs Act, 1962, as these provisions apply only to physical removal of goods from warehouses. The Warehousing Regulations 2016 were also deemed inapplicable since no liability arose for the Commissioner of Customs requiring indemnification. The appeal was allowed. en-us Fri, 27 Sep 2024 00:00:00 +0530 Mon, 30 Sep 2024 13:45:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759370 The CESTAT Ahmedabad set aside a customs demand for interest and penalty following destruction of warehoused goods by fire. The appellant warehouse keeper had already paid customs duty of Rs. 2,76,52,609 on destroyed goods but challenged the additional interest demand of Rs. 93,43,881. The tribunal held that destruction by fire cannot be treated as "removal" under Sections 71 and 73A of the Customs Act, 1962, as these provisions apply only to physical removal of goods from warehouses. The Warehousing Regulations 2016 were also deemed inapplicable since no liability arose for the Commissioner of Customs requiring indemnification. The appeal was allowed. Case-Laws Customs Fri, 27 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759370