https://www.taxtmi.com/article/detailed?id=14270 Demurrage arises when goods remain uncleared beyond the Free Storage Period at a port or customs area, triggering Demurrage charges imposed by port authorities or Customs. Rates typically commence after the free period and may escalate with continued delay. The consignee or importer is liable for payment; non-payment or failure to clear may lead to seizure or disposal. Waivers or extensions may be granted at authorities' discretion for administrative or excusable delays, but timely completion of customs documentation and clearance is the principal method to avoid demurrage. en-us Wed, 30 Apr 2025 08:40:27 +0530 Wed, 30 Apr 2025 08:40:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14270 Demurrage arises when goods remain uncleared beyond the Free Storage Period at a port or customs area, triggering Demurrage charges imposed by port authorities or Customs. Rates typically commence after the free period and may escalate with continued delay. The consignee or importer is liable for payment; non-payment or failure to clear may lead to seizure or disposal. Waivers or extensions may be granted at authorities' discretion for administrative or excusable delays, but timely completion of customs documentation and clearance is the principal method to avoid demurrage. Articles Customs - Import - Export - SEZ Wed, 30 Apr 2025 08:40:27 +0530 https://www.taxtmi.com/article/detailed?id=14270