https://www.taxtmi.com/caselaws?id=42187 Customs duty on warehoused imported raw materials and components is determined under section 15 of the Customs Act, 1962, by the duty rate, tariff valuation and applicable exemption in force on the date of actual removal from the warehouse. An amended exemption notification permitting specified alternative use or transfer of imported materials may therefore govern clearance of goods already lying in bond, provided its prescribed conditions are fulfilled. Duty-free clearance is available where the amended notification applies at the time of removal. en-us Tue, 28 Jul 1987 00:00:00 +0530 Wed, 09 Jun 2010 16:52:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42187 Customs duty on warehoused imported raw materials and components is determined under section 15 of the Customs Act, 1962, by the duty rate, tariff valuation and applicable exemption in force on the date of actual removal from the warehouse. An amended exemption notification permitting specified alternative use or transfer of imported materials may therefore govern clearance of goods already lying in bond, provided its prescribed conditions are fulfilled. Duty-free clearance is available where the amended notification applies at the time of removal. Case-Laws Customs Tue, 28 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42187