https://www.taxtmi.com/caselaws?id=43089 For warehoused imported goods, additional duty and auxiliary duty were held chargeable at the rate in force on the date of clearance from the bonded warehouse for home consumption, not the rate prevailing when the goods entered Indian territorial waters. The statutory scheme under the Customs Tariff Act, 1975, the Finance Act, 1978 and the Customs Act, 1962 fixed the relevant rate by reference to actual removal from the warehouse. The argument that applying the later rate created a retrospective levy failed, because no vested right existed to taxation at the earlier rate and the levy operated according to the governing customs machinery. en-us Fri, 22 Mar 1991 00:00:00 +0530 Wed, 16 Jun 2010 10:42:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43089 For warehoused imported goods, additional duty and auxiliary duty were held chargeable at the rate in force on the date of clearance from the bonded warehouse for home consumption, not the rate prevailing when the goods entered Indian territorial waters. The statutory scheme under the Customs Tariff Act, 1975, the Finance Act, 1978 and the Customs Act, 1962 fixed the relevant rate by reference to actual removal from the warehouse. The argument that applying the later rate created a retrospective levy failed, because no vested right existed to taxation at the earlier rate and the levy operated according to the governing customs machinery. Case-Laws Customs Fri, 22 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43089