https://www.taxtmi.com/caselaws?id=43254 Section 59A of the Customs Act, 1962 was upheld as a valid condition for warehousing, requiring deposit of 50% of the assessed duty to prevent misuse of the facility and secure prompt revenue realisation. Warehousing was treated as a statutory concession to defer payment, not a vested right to postpone duty at the importer's convenience, and the provision applied by reference to the warehousing order rather than the date of the underlying contract. The absence of interest on any eventual refund did not undermine validity, and Article 265 was held inapplicable because the measure concerned a deposit, not a tax levy. The challenge failed and the petition was dismissed. en-us Wed, 26 Feb 1992 00:00:00 +0530 Thu, 17 Jun 2010 10:22:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43254 Section 59A of the Customs Act, 1962 was upheld as a valid condition for warehousing, requiring deposit of 50% of the assessed duty to prevent misuse of the facility and secure prompt revenue realisation. Warehousing was treated as a statutory concession to defer payment, not a vested right to postpone duty at the importer's convenience, and the provision applied by reference to the warehousing order rather than the date of the underlying contract. The absence of interest on any eventual refund did not undermine validity, and Article 265 was held inapplicable because the measure concerned a deposit, not a tax levy. The challenge failed and the petition was dismissed. Case-Laws Customs Wed, 26 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43254